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").
都福集團（"都福"）（紐交所：TEX）今日宣佈，擬根據市場及其他條件，以總額7.5億美元發行到期日爲2032年的優先票據（"票據"）進行私人發行（"私人發售"），該發售豁免了1933年修訂版證券法（"證券法"）的登記要求。
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.
都福計劃利用私人發售所得款項，連同下文描述的新貸款借款以及現金，完成都福之前宣佈的收購（"收購"）都福環保解決方案集團（"ESG"）的子公司和資產，並支付相關費用、成本和費用。
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.
只向合理認爲符合1944A規則下合格機構買家條件的人士出售及發行的票據及相關擔保，依賴於《證券法》下的144A規則，並向某些非美國人在《證券法》下的S條款規定的美國境外交易中出售。票據及相關擔保並未在《證券法》或任何州證券法下登記，也將不會在未經登記或符合《證券法》及其頒佈規定的註冊豁免條件的情況下在美國境內發售。
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.
與私人發售同時，都福還尋求修訂（"修訂"）其現有信貸協議，以增加到8000萬美元的循環信貸規模，從6000萬美元延長到收購結束日期第五週年的循環信貸到期日，以及提供到第七週年的收購結束日期到期的新貸款設施，根據此設施，都福預計將承擔總額高達1.25億美元的貸款。不能保證都福能否以對其有利或符合其要求的條款和條件完成私人發售或修訂。
譯文內容由第三人軟體翻譯。