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Terex Reprices Term Loan

Aug 12, 2025 2:43 PM

05:15 PM EDT, 08/12/2025 (MT Newswires) -- Terex ( TEX ) said late Tuesday it completed the repricing of its term loan, a move expected to lower cash interest costs by about $3 million annually.

Chief Financial Officer Jennifer Kong-Picarello said the term loan will now carry an interest rate 175 basis points over SOFR, improving by 25 basis points.

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