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Terex to redeem 8 7/8% notes
New York, Nov. 25 - Terex Corp. said it will redeem its remaining $200 million of 8 7/8% notes due 2008 on Dec. 26.
The Westport, Conn., machinery manufacturer will pay 104.438% of par for a total of $208.9 million.
Funding for the redemption will come from Terex's recent sale of $300 million 7 3/8% senior subordinated notes due 2014, which were priced to yield 7½%.
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