secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001104659-24-103945
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000110465924103945/0001104659-24-103945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000110465924103945/tm2424691d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-103945

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