Terex Corp. Seeks $300 Million in New Financing

Terex Corp., Westport, Conn., is seeking approximately $300 million in new financing. The company intends to offer, subject to market and other conditions, $300 million in senior unsecured notes. The company intends to use the net proceeds of this offering for general corporate purposes and in conjunction with the domination and integration process of Demag Cranes AG.

Terex intends to offer and sell these securities under the company's existing shelf registration statement filed with the Securities and Exchange Commission in November 2010 and amended on April 8, 2011.