Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Dated November 7, 2007
Registration Statement No. 333-144796
High Yield Capital Markets
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Issuer: |
Terex Corporation |
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Security Description: |
Senior Subordinated Notes |
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Face: |
$800,000,000 |
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Gross Proceeds: |
$800,000,000 |
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Coupon: |
8.000% |
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Maturity: |
11/15/2017 |
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Offering Price: |
$100.000 |
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Yield to Maturity: |
8.000% |
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Spread to Treasury: |
368 |
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Benchmark: |
4.75% UST due 08/2017 |
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Ratings: |
Ba3 / B+ |
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Interest Payment Dates: |
May 15th and November 15th |
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Commencing: |
5/15/2008 |
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Optional Redemption: |
Callable, on or after the following dates, and at the following prices: | ||||||
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Date |
Price |
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11/15/2012 |
104.000% |
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11/15/2013 |
102.667% |
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11/15/2014 |
101.333% |
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11/15/2015 |
100.000% |
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Make-Whole: |
Callable prior to first call date at make-whole call of T+50 | ||||||
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Equity Clawback: |
Redeem until |
11/15/2010 |
at 108.000% |
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for up to |
35.0% |
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Trade Date: |
11/7/2007 |
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Settlement Date: |
11/13/2007 |
(T+3) |
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Cusip Number: |
880779AU7 |
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ISIN: |
US880779AU73 |
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Min. Allocation: |
$2,000 |
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Increments: |
$1,000 |
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Gross Spread: |
1.25% |
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Book-Runners: |
Credit Suisse Securities (USA) LLC |
30.00% | |||||
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Citigroup Global Markets Inc. |
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25.00% | ||||
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UBS |
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25.00% | |||
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Lead Manager: |
Banc of America Securities LLC |
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10.00% | ||||
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Co-Managers: |
ABN AMRO Incorporated |
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2.00% | ||||
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Calyon Securities (USA) Inc. |
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2.00% | ||||
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Dresdner Kleinwort Securities LLC |
2.00% | |||||
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HSBC Securities (USA) Inc. |
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2.00% | ||||
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Morgan Stanley & Co. Incorporated |
2.00% | |||||
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.