On November 13, 2007, Terex Corporation (the “Company”) completed an offering (the “Offering”) of $800,000,000 aggregate principal amount of its 8% Senior Subordinated Notes due 2017 (the “Notes”). In connection with the Offering, the Company entered into a supplemental indenture, as described in the following paragraphs.

The Notes were issued under an indenture, dated as of July 20, 2007 (the “Indenture”) and the supplemental indenture, dated as of November 13, 2007 (the “Supplemental Indenture”), between the Company and HSBC Bank USA, National Association, as trustee (the “Trustee”). The Supplemental Indenture and form of global note, which is attached as an exhibit to the Supplemental Indenture, provide, among other things, that the Notes will be the Company’s senior subordinated obligations and will be subordinated in right of payment to all of the Company’s senior indebtedness. Interest on the Notes will be paid semi-annually on each May 15 and November 15, commencing on May 15, 2008. The Notes will mature on November 15, 2017. The Company may redeem the Notes, in whole or in part, on or after November 15, 2012 at the redemption prices set forth in the Supplemental Indenture. Prior to November 15, 2012, the Company may redeem the Notes, in whole or in part, at a price equal to 100% of the principal amount thereof plus a “make-whole” premium set forth in the Supplemental Indenture. In addition, prior to November 15, 2010, the Company may redeem up to 35% of the Notes from the proceeds of certain equity offerings.

The terms of the Indenture, among other things, limit the ability of the Company and its restricted subsidiaries to (i) incur additional indebtedness, (ii) issue preferred stock, (iii) create or incur certain liens, (iv) pay dividends and make other restricted payments, (v) create restrictions on dividend and other payments to the Company from certain of its subsidiaries; (vi) sell assets and subsidiary stock, (vii) engage in transactions with affiliates, (viii) consolidate, merge or transfer all or substantially all of the Company’s assets and the assets of its subsidiaries, (ix) create unrestricted subsidiaries. These covenants are subject to a number of important exceptions and qualifications. The Indenture provides for customary events of default which include (subject in certain cases to customary grace and cure periods) defaults based on: (i) the failure to make payments under the indenture when due, (ii) breach of covenants, (iii) acceleration of other material indebtedness, (iv) bankruptcy events and (v) material judgments. Generally, if an event of default occurs, the trustee or the holders of at least 25% in principal amount of the then outstanding Notes may declare all of the Notes to be due and payable.

The foregoing description of the Supplemental Indenture is qualified in its entirety by reference to such Supplemental Indenture, a copy of which is filed herewith as Exhibit 4.1 and is incorporated herein by reference.

The Trustee, or its affiliates, is party to other agreements with the Company and its subsidiaries, including the provision of commercial banking, investment banking, trustee and/or other financial services in the ordinary course of business of the Company and its subsidiaries.

The disclosures under Item 1.01 of this report relating to the Notes are also responsive to Item 2.03 of this report and are incorporated by reference into this Item 2.03.