Terex increased the size of the revolving credit facility under its credit agreement from $450 million to $600 million. Credit Suisse served as administrative agent for the transaction.
Terex completed a re-pricing of its term loan that is expected to reduce its cash interest costs by approximately $1 million annually. Credit Suisse served as administrative agent for the transaction.
Terex refinanced its existing senior secured credit facility with a new $850 million senior secured credit facility comprised of a $450 million revolving line of credit and a $400 million term loan. Credit Suisse was administrative agent for a syndicate of lenders.
Terex terminated its securitization facility with Institutional Secured Funding and Credit Suisse.