Terex Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$TEX
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 12, 2025
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Item 1.01. Entry Into a Material Definitive Agreement.
On August 12, 2025, Terex Corporation (“Terex” or the “Company”) and certain of its subsidiaries entered into a Refinancing Facility Agreement and Amendment No. 3 (the “Amendment”) to the Amended and Restated Credit Agreement dated as of April 1, 2021 (as amended from time to time including by the Amendment, the “Amended Credit Agreement”), with certain of its subsidiaries, the lenders and issuing banks party thereto and UBS AG, Stamford Branch, as administrative agent and collateral agent (“UBSAG” or the “Administrative Agent”). The principal changes contained in the Amendment are (i) the Company’s U.S. Dollar denominated term loans will now bear interest at a rate of secured overnight financing rate (“SOFR”) plus 1.75%. Previously, the U.S. Dollar denominated term loans outstanding were priced at SOFR plus 2.00%, (ii) the spread on the revolving loans was reduced by 12.5 to 25 basis points and (iii) Terex International Financial Services Company Unlimited Company was removed as a borrower.
The foregoing summary does not purport to be complete and is qualified in all respects by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. A copy of a press release announcing the Company’s entry into the Amendment is included as Exhibit 99.1 to this Form 8-K.
UBSAG, or its affiliates, and certain lenders, or their affiliates, are party to other agreements with the Company and its subsidiaries, including the provision of commercial banking, investment banking, trustee and/or other financial services in the ordinary course of business of the Company and its subsidiaries.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 Refinancing Agreement and Amendment No. 3, dated as of August 12, 2025, among Terex Corporation, certain of its subsidiaries, the lenders and issuing banks party thereto and UBS AG, Stamford Branch, as administrative and collateral agent, relating to the Amended and Restated Credit Agreement, dated as of April 1, 2021, among Terex Corporation, certain of its subsidiaries, the lenders and issuing banks party thereto and UBS AG, Stamford Branch (as successor in interest to Credit Suisse AG, Cayman Islands Branch), as administrative agent and collateral agent..
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 14, 2025
| TEREX CORPORATION | ||
By: /s/Scott J. Posner | ||
| Scott J. Posner | ||
| Senior Vice President | ||
| Secretary and General Counsel | ||
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