Terex gets loan waiver, extending financial filings deadline

By Sara Rosenberg

New York, Feb. 16 - Terex Corp. got a waiver from its senior bank lending group, giving the company until March 1 to provide financial information for the year ended Dec. 31, 2004, and the quarters ended March 31, 2005, June 30, 2005 and Sept. 30, according to a company news release.

The company is in the process of restating its financial results for 2000, 2001, 2002 and 2003.

Upon final audit approval, the company intends to file its financial statements by the end of the day Friday.

Terex is a Westport, Conn.-based manufacturer and seller of equipment for use in construction, infrastructure, quarrying, recycling, surface mining, shipping, transportation, refining, and utility and maintenance industries.

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