18.01.2011

Terex completes note redemption

Terex has completed the previously announced redemption of the $297.6 million principal amount outstanding of its 7-3/8 percent Senior Subordinated Notes due 2014.

The total cash paid was $312.3 million including a call premium of 1.229 percent plus accrued and unpaid interest of $36.9 per $1,000 of principal.

The redemption of these notes, which were issued in 2003, brings the total amount paid off in the last three months, from its $1,973 million debt at the end of September, to around $570 million.