Terex re-prices term loan to SOFR+1.75%, reduces annual interest cost ~$3M

TEREX CORP

Term loan rate cut 25 bps from SOFR+2.00% to SOFR+1.75%, effective August 12, 2025.
Revolving credit facility spread also reduced by 12.5 to 25 bps.
Expected annual cash interest savings of approximately $3 million.
Terex International Financial Services Unlimited Company removed as borrower.
CFO Jennifer Kong-Picarello cited improved capital structure efficiency.

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