Terex Seeks $1.25B Term Loan and $750M Senior Notes Offering for Dover Unit Purchase
Terex Seeks $1.25B Term Loan and $750M Senior Notes Offering for Dover Unit Purchase
Concurrently with the Private Offering, Terex is also seeking to amend (the "Amendment") its existing credit agreement (i) to increase the size of its revolving credit facilities to $800 million from $600 million and to extend the maturity of its revolving credit facilities to the fifth anniversary of the closing of the Acquisition and (ii) to provide for a new term loan facility which will mature on the seventh anniversary of the closing of the Acquisition and pursuant to which Terex expects to incur term loans in an aggregate amount of up to $1,250 million. There can be no assurance that Terex will be able to complete the Private Offering or the Amendment on terms and conditions favorable to it or at all.Terex Corporation ("Terex") (NYSE:TEX) today announced that it intends to offer, subject to market and other conditions, $750 million in aggregate principal amount of senior notes due 2032 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
都福集团（"都福"）（纽交所：TEX）今日宣布，拟根据市场及其他条件，以总额7.5亿美元发行到期日为2032年的优先票据（"票据"）进行私人发行（"私人发售"），该发售豁免了1933年修订版证券法（"证券法"）的登记要求。
Terex intends to use the proceeds from the Private Offering, together with the new term loan borrowings described below and cash on hand, to consummate Terex's previously announced acquisition (the "Acquisition") of the subsidiaries and assets of Dover Corporation ("Dover") that constitute Dover's Environmental Solutions Group ("ESG"), and to pay related fees, costs and expenses.
都福计划利用私人发售所得款项，连同下文描述的新贷款借款以及现金，完成都福之前宣布的收购（"收购"）都福环保解决方案集团（"ESG"）的子公司和资产，并支付相关费用、成本和费用。
The Notes and the related guarantees will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been, and will not be, registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the rules promulgated thereunder.
只向合理认为符合1944A规则下合格机构买家条件的人士出售及发行的票据及相关担保，依赖于《证券法》下的144A规则，并向某些非美国人在《证券法》下的S条款规定的美国境外交易中出售。票据及相关担保并未在《证券法》或任何州证券法下登记，也将不会在未经登记或符合《证券法》及其颁布规定的注册豁免条件的情况下在美国境内发售。
Concurrently with the Private Offering, Terex is also seeking to amend (the "Amendment") its existing credit agreement (i) to increase the size of its revolving credit facilities to $800 million from $600 million and to extend the maturity of its revolving credit facilities to the fifth anniversary of the closing of the Acquisition and (ii) to provide for a new term loan facility which will mature on the seventh anniversary of the closing of the Acquisition and pursuant to which Terex expects to incur term loans in an aggregate amount of up to $1,250 million. There can be no assurance that Terex will be able to complete the Private Offering or the Amendment on terms and conditions favorable to it or at all.
与私人发售同时，都福还寻求修订（"修订"）其现有信贷协议，以增加到8000万美元的循环信贷规模，从6000万美元延长到收购结束日期第五周年的循环信贷到期日，以及提供到第七周年的收购结束日期到期的新贷款设施，根据此设施，都福预计将承担总额高达1.25亿美元的贷款。不能保证都福能否以对其有利或符合其要求的条款和条件完成私人发售或修订。
