secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000097216-23-000143
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex amends credit agreement to replace LIBOR with Term SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000143/0000097216-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000143/tex-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000097216-23-000143

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