Terex launches $750M senior notes offering and seeks to amend credit facility to finance $2.0B ESG acquisition

TEREX CORP

$750M senior notes due 2032 offered in private placement to fund Dover ESG acquisition.
Seeks to increase revolver to $800M from $600M and add $1.25B term loan via credit amendment.
Acquisition of Dover's Environmental Solutions Group for $2.0B already announced; closing expected later 2024.
Pro forma combined net income for TTM June 2024: $439.7M; diluted EPS $6.55 ($7.30 historical).
ESG contributed $835.5M revenue and $90.6M net income in the same period.

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