Terex Reprices Term Loan

MT Newswires Live

2025/08/13

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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