New credit plans from Terex

By Euan Youdale05 October 2010

Terex Corporation is seeking an amendment to its bank credit facility.

Under the agreement the company would primarily gain greater flexibility for the use of the proceeds from the sale of the Terex mining business that was concluded earlier this year.

The proposed amendment will provide the company with added flexibility in a range of restrictive covenants, including its ability to prepay, redeem or repurchase debt, and make acquisitions. Under the amendment, Terex would also prepay 100% of the outstanding term loans under the credit facility of about US$270 million.

Latest News
Vinci to build and operate 106 EV charging stations across Germany
French construction giant Vinci has won a deal to acquire land and then build and operate 106 charging stations for electric vehicles (EVs) across Germany.
Enefit to build Estonia’s largest wind farm
€180 million Loan from EIB drives major renewables project forward
APEX Asia - product launches
An insight into what products willl be present at the China-based show this month