---
schema_version: "secwatch.filing_event.v1"
accession: "0000097216-23-000143"
form_type: "8-K"
ticker: "TEX"
cik: "0000097216"
company_name: "TEREX CORP"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:46:22.864416+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Terex amends credit agreement to replace LIBOR with Term SOFR

## Summary
- Amendment No. 1, dated May 8, 2023, replaces Adjusted LIBO Rate with Term SOFR in the credit agreement.
- All existing lenders consented; covenant levels, maturity, and borrowing capacity unchanged.
- Existing LIBOR loans continue until their current interest period ends; no new LIBOR loans permitted thereafter.
- Amendment effective May 8, 2023; no other material terms of the credit agreement were modified.

## SEC filing metadata
- accession: 0000097216-23-000143
- form_type: 8-K
- ticker: TEX
- cik: 0000097216
- company_name: TEREX CORP
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97216/000009721623000143/0000097216-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97216/000009721623000143/tex-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097216-23-000143
- JSON: https://secwatch.observer/filing/0000097216-23-000143.json
- Plain text: https://secwatch.observer/filing/0000097216-23-000143.txt

## Key facts
- Material Agreements
  TEREX CORP amended Amendment No. 1 to Amended and Restated Credit Agreement with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent (effective 2023-05-08).
  - 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: 2023-05-08
  source text: On May 8, 2023, Terex Corporation (“Terex” or the “Company”) and certain of its subsidiaries entered into an Amendment No. 1 (“Amendment”) to the Amended and Restated Credit Agreement dated as of April 1, 2021 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) , with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent (“CSAG”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000143/0000097216-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.