Item 8.01. Other Items
On March 18, 2021, Terex Corporation (“Terex”) disclosed on a Current Report on Form 8-K that it intended to enter into a new credit agreement that, among other things, would provide a new $325.0 million term loan credit facility. On March 19, 2021, Terex made a determination not to pursue a new term loan credit facility. While investors had fully subscribed for the new term loan facility, pricing was at the upper end discussed with investors. As a result, Terex has determined to not currently pursue refinancing its existing $385 million of term loans.
Cautionary Note Concerning Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking information regarding future events or Terex’s future financial performance based on the current expectations of Terex. In addition, when included herein, the words “may,” “expects,” “intends,” “anticipates,” “plans,” “projects,” “estimates” and the negatives thereof and analogous or similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statement is not forward-looking. Terex has based these forward-looking statements on current expectations and projections about future events. These statements are not guarantees of future performance.
Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and uncertainties, many of which are beyond the control of Terex, include among others those risks and uncertainties described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed February 12, 2021.
Actual events or the actual future results of Terex may differ materially from any forward-looking statement due to these and other risks, uncertainties and significant factors. The forward-looking statements speak only as of the date hereof. Terex expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement included herein to reflect any changes in expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is based.