UNITED STATES

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported) March 14, 2001

                                TEREX CORPORATION
               (Exact Name of Registrant as Specified in Charter)

          Delaware                  1-10702                34-1531521
(State or Other Jurisdiction      (Commission             (IRS Employer
      of Incorporation)           File Number)          Identification No.)

   500 Post Road East, Suite 320, Westport, Connecticut             06880
         (Address of Principal Executive Offices)                (Zip Code)

        Registrant's telephone number, including area code (203) 222-7170

                                 NOT APPLICABLE
          (Former Name or Former Address, if Changed Since Last Report)


Item 5.  Other Events.

         Terex Corporation ("Terex" or "the Company") announced by press release
on March 14, 2001 that it intends to issue approximately  $200,000,000 principal
amount  of  Senior  Subordinated  Notes  Due 2011  ("Notes")  and  increase  the
availability  under its existing $125 million Revolving Credit Facility maturing
March 2004 to $300 million.  Terex also  announced in that press release that it
is  negotiating  an amendment to its existing bank credit  agreements to provide
the Company with greater  operating  flexibility.  Terex  intends to use the net
proceeds from the offering of the Notes to prepay a portion of its existing term
loans.  The increase in the Revolving Credit Facility will allow Terex to reduce
the amount of cash  balances and total debt it has been  carrying on its balance

         It is intended  that the Company will offer the Notes  pursuant to Rule
144A promulgated  under the Securities Act of 1933, as amended (the "Act"),  and
that the Notes will not initially be registered under the Act. Accordingly,  the
Notes  will  not be able to be  offered  or sold  in the  United  States  absent
registration  under the Act or an  applicable  exemption  from the  registration

         There can be no assurances at this time as to whether the  transactions
announced in the press release, or any other financing transaction,  will occur,
or as to the timing or definitive terms of any such transaction.


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  March 15, 2001

                                            TEREX CORPORATION

                                            By:  /s/ Eric I Cohen
                                                 Eric I Cohen
                                                 Senior Vice President