Terex prepays $55M term loans; amends credit collateral agreement

TEREX CORP

Amendment enables Terex Global GmbH to enter hedging derivatives with external counterparties.
Cash management services provided by lending banks now secured under collateral agreement.
Terex voluntarily prepaid remaining $55M term loans in December 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TEREX CORP amended Amendment with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent (effective 2022-12-29).

Action: amendment
Agreement: credit facility
Counterparty: the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent
Effective: 2022-12-29

Exact text from the filing

On December 29, 2022, Terex Corporation (“Terex” or the “Company”) and certain of its subsidiaries entered into an Amendment (“Amendment”) to the Guarantee and Collateral Agreement as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”) , with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent (“CSAG”).

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TEREX CORP filing history →

Source: SEC EDGAR

accession 0000097216-22-000174

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