Terex Announces Re-Pricing of Term Loan
Terex Corporation (NYSE:TEX) has successfully completed a re-pricing of its term loan, which is projected to result in annual cash interest savings of $3 million. The company's term loan rate has been reduced by 25 basis points to SOFR+175 basis points, enhancing the efficiency of its capital structure according to CFO Jennifer Kong-Picarello.
Terex Corporation (NYSE:TEX) ha completato con successo la rinegoziazione del suo prestito a termine, che dovrebbe tradursi in un risparmio annuo di interessi in contanti di 3 milioni di dollari. Il tasso del prestito 猫 stato ridotto di 25 punti base a SOFR+175 punti base, migliorando l'efficienza della struttura del capitale, secondo la CFO Jennifer Kong-Picarello.
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Terex Corporation (NYSE:TEX) a men茅 脿 bien la ren茅gociation du prix de son pr锚t 脿 terme, qui devrait permettre une 茅conomie annuelle d'int茅r锚ts en tr茅sorerie de 3 millions de dollars. Le taux du pr锚t a 茅t茅 r茅duit de 25 points de base 脿 SOFR+175 points de base, am茅liorant l'efficacit茅 de sa structure de capital, selon la directrice financi猫re Jennifer Kong-Picarello.
Terex Corporation (NYSE:TEX) hat die Anpassung des Zinssatzes seines Terminkredits erfolgreich abgeschlossen, was voraussichtlich zu j盲hrlichen Barzinsersparnissen von 3 Millionen US-Dollar f眉hren wird. Der Zinssatz des Kredits wurde um 25 Basispunkte auf SOFR+175 Basispunkte gesenkt und verbessert damit die Effizienz der Kapitalstruktur, so CFO Jennifer Kong-Picarello.
- Expected annual cash interest savings of $3 million
- Term loan rate improved by 25 basis points
- Enhanced capital structure efficiency
- None.
"We are pleased to announce the re-pricing which increases the efficiency of our capital structure," said Jennifer Kong-Picarello, Terex Senior Vice President and Chief Financial Officer. "Our term loan rate will now be S+175bps, improving by 25bps what was already an attractive rate."
About Terex聽
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in
Contact Information
Derek Everitt
VP Investor Relations
Email: [email protected]
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