Terex Corporation Announces Credit Agreement Amendment

WESTPORT, Conn.--(Business Wire)--
Terex Corporation (NYSE:TEX) announced today that it has reached agreement on an
amendment to its bank credit facility, with the effectiveness of the amendment
being conditional on the successful completion of its previously announced
capital markets transactions.

Pursuant to the amendment, Terex would reduce its domestic revolving credit
commitments under the credit facility by $150 million, prepay approximately $58
million principal amount of its term loans under the credit facility, and
increase the interest rates charged under its credit facility. The amendment
would also eliminate certain existing financial covenants dealing with the
Company`s consolidated leverage ratio and consolidated fixed charge coverage
ratio, and instead require the Company to maintain liquidity of not less than
$250 million on the last day of each fiscal quarter through June 30, 2011, and
thereafter, maintain a specified senior secured leverage ratio.

Additionally, the amendment provides the Company added flexibility in various
restrictive covenants, limits the Company`s ability under certain circumstances
to repurchase stock, pay dividends or redeem debt, and requires the Company to
provide certain collateral to secure its obligations under the credit facility.

Safe Harbor Statement

This press release contains forward-looking information based on the current
expectations of Terex Corporation. Because forward-looking statements involve
risks and uncertainties, actual results could differ materially. 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 of
this presentation. Terex expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statement
included in this presentation to reflect any changes in expectations with regard
thereto or any changes in events, conditions, or circumstances on which any such
statement is based.

Terex Corporation is a diversified global manufacturer with 2008 net sales of
$9.9 billion. Terex operates in four business segments: Terex Aerial Work
Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing &
Mining. Terex manufactures a broad range of equipment for use in various
industries, including the construction, infrastructure, quarrying, surface
mining, shipping, transportation, refining and utility industries. Terex offers
a complete line of financial products and services to assist in the acquisition
of Terex equipment through Terex Financial Services. More information on Terex
can be found at www.terex.com.

Terex Corporation
Tom Gelston, 203-222-5943
Vice President, Investor Relations
thomas.gelston@terex.com
or
Kurt Goddard, 203-222-6160
Manager, Investor Relations
kurt.goddard@terex.com

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