Terex Corp., founded in 1933 and headquartered in Westport, Connecticut, is a global manufacturer providing equipment and services for various industries, particularly construction and material handling. The company specializes in producing a wide array of machinery, including aerial work platforms, cranes, and materials processing equipment.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TEX 5.00% 2029-05-15 USDTerex Corp. | United States | 2029-05-15 | 5.000 | 5.01 |
| TEX 5.00% 2029-05-15 USDTerex Corp. | United States | 2029-05-15 | 5.000 | 5.01 |
| TEX 6.25% 2032-10-15 USDTerex Corp. | United States | 2032-10-15 | 6.250 | 5.70 |
| TEX 6.25% 2032-10-15 USDTerex Corp. | United States | 2032-10-15 | 6.250 | 5.68 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Terex has actively engaged in bond issuances since the late 1990s, with significant offerings aimed at financing corporate acquisitions and operational expansions. Notably, the company issued $300 million in senior notes in 2020, intended to refinance existing debt and enhance working capital. Current yields on Terex bonds are competitive within the machinery sector, reflecting a relatively stable credit profile, while their bonds have special features like call options that provide flexibility in repayment. Recent news has highlighted Terex's focus on sustainability, which may influence future bond structures as they align with green finance objectives.