The Manitowoc Company Prices $300 Million Senior Notes Offering
04 Ottobre 2012 - 11:41PM
Business Wire
The Manitowoc Company, Inc. (NYSE: MTW) today announced that it
had priced a public offering of $300 million aggregate principal
amount of Senior Notes maturing in 2022 and bearing interest at a
rate of 5.875%. The offering is being made pursuant to a shelf
registration statement and is expected to close on October 19,
2012. Manitowoc plans to use the net proceeds of the offering to
redeem the entire $150 million aggregate principal amount of its
7-1/8% Senior Notes due 2013 and to repay a portion of the
outstanding borrowings under its senior secured credit facilities.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Wells
Fargo Securities, LLC are acting as joint book-running managers for
the offering.
The offering of Senior Notes is being made only by means of a
prospectus and prospectus supplement, a copy of which may be
obtained by contacting J.P. Morgan Securities LLC, Attention: High
Yield Syndicate, 383 Madison Avenue, 3rd Floor, New York, NY 10179,
or by calling (800) 245-8812; Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or
by calling (800) 503-4611 or Wells Fargo Securities, LLC,
Attention: Client Support, 550 South Tryon Street, 7th Floor, MAC
D1086-070, Charlotte, NC 28202, or by calling (800) 326-5897. An
electronic copy of the prospectus and prospectus supplement is
available from the Securities and Exchange Commission’s website at
www.sec.gov.
This press release is not an offer to sell these securities and
is not soliciting an offer to buy these securities in any
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a
multi-industry, capital goods manufacturer with over 115
manufacturing, distribution, and service facilities in 25
countries. The company is recognized globally as one of the premier
innovators and providers of crawler cranes, tower cranes, and
mobile cranes for the heavy construction industry, which are
complemented by a slate of industry-leading product support
services. In addition, Manitowoc is one of the world’s leading
innovators and manufacturers of commercial foodservice equipment,
which includes 25 market-leading brands of hot- and cold-focused
equipment. In 2011, Manitowoc’s revenues totaled $3.7 billion, with
more than half of these revenues generated outside of the United
States.
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