Terex Corporation Completes $2.05B Financing

Fried Frank acted as counsel to Terex Corporation (Terex) in connection with the financing of new term loans and the upsize and extension of its existing revolving commitments. The transaction consisted of a $1.25 billion term loan facility, a $400 million revolving facility and a $400 million multicurrency revolving facility. The proceeds were used to fund, in part, Terex's announced acquisition of Environmental Solutions Group from Dover Corporation and to pay related fees, costs and expenses.

Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs) and equipment for the electric utility industry.

The Fried Frank team was led by corporate partner Ezra Schneck and included corporate special counsel Tristan Schmidt and Cecilia Wang, corporate associates Angell Darvalics and Cher Zhang and corporate law clerk Abbigale Campbell.