Terex completes term loan re-pricing, expects $3 million annual savings

NORWALK, Conn. - Terex Corporation (NYSE:TEX), a $3.32 billion market cap industrial equipment manufacturer with $5.17 billion in annual revenue, has completed a re-pricing of its term loan that is expected to reduce its annual cash interest costs by approximately $3 million, according to a press release statement issued Tuesday. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.08.

The industrial equipment manufacturer’s term loan rate will now be S+175 basis points, representing a 25 basis point improvement from its previous rate.

"We are pleased to announce the re-pricing which increases the efficiency of our capital structure," said Jennifer Kong-Picarello, Terex Senior Vice President and Chief Financial Officer.

Terex manufactures a range of industrial equipment including materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry. The company’s products are manufactured in North America, Europe, and Asia Pacific and sold worldwide.

The company provides lifecycle support to customers through its global parts and services organization and offers digital solutions designed to help customers maximize their return on investment.

The press release did not provide details on the total size of the term loan or when the new rate would take effect.

In other recent news, Terex Corporation reported its earnings for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.49, which was higher than the forecasted $1.45. Additionally, Terex’s revenue reached $1.5 billion, exceeding the anticipated $1.44 billion. These results indicate a strong performance for the quarter. The positive earnings announcement was noted by investors, although specific stock price movements are not discussed here. Analyst firms had set these expectations, which Terex successfully surpassed. These developments provide crucial insights for investors monitoring the company’s financial health.

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