05:31 PM EDT, 09/30/2024 (MT Newswires) -- Terex ( TEX ) said Monday it priced a $750 million private offering of 6.25% senior notes due 2032 at par.

The company expects to close the offering on Oct. 8, subject to customary conditions.

The company said it expects to amend its existing credit agreement to increase the size of its revolving credit facilities to $800 million from $600 million and get a new term loan facility of up to $1.25 billion.

Proceeds from the private offering, along with new term loan borrowings and cash at hand will be used to complete the acquisition of Dover's (DOV) units and assets, according to Terex ( TEX ).

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