Manitowoc Company Inc
NYSE:MTW

  • LAST PRICE
    9.7100
  • TODAY'S CHANGE (%)
    -0.0100 (-0.1029%)
  • Bid / Lots
    9.5400/ 1
  • Ask / Lots
    9.8800/ 1
  • Open / Previous Close
    9.8600 / 9.7200
  • Day Range
    9.6310
    9.9700
  • 52 Week Range
    8.8500
    17.6470
  • Volume
    262,948

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  • Sep 6, 2024

  • Sep 5, 2024

      Show headlines and story abstract

    • 4:01PM ET on Thursday Sep 05, 2024 by Dow Jones
      Companies Mentioned: MTW
      MILWAUKEE--(BUSINESS WIRE)--September 05, 2024--
      The Manitowoc Company, Inc. (NYSE: MTW) ("Manitowoc") announced today that it has priced its previously announced private offering (the "Offering") of $300 million aggregate principal amount of senior secured second lien notes due 2031 (the "Notes"). The Notes will have an interest rate of 9.250% per annum and are being issued at a price equal to 100.000% of their face value. The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, by each of Manitowoc's domestic subsidiaries that will continue to guarantee Manitowoc's asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, the "Amended ABL Credit Facility"). The Offering is expected to close on September 19, 2024, subject to market and other conditions, including Manitowoc entering into the Amended ABL Credit Facility. There can be no assurance that the Offering or the Amended ABL Credit Facility will be completed on a timely basis, or at all.

  • Sep 3, 2024

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