The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031 [Yahoo! Finance]
Manitowoc Company, Inc. (The) (MTW)
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm
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US:NYSE Investor Relations:
ir.manitowoc.com/investor-relations/events-and-presentations/events/default.aspx
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Source: Yahoo! Finance
MILWAUKEE, September 03, 2024 BUSINESS WIRE )--The Manitowoc Company, Inc. (NYSE: MTW) ("Manitowoc") announced today that it has commenced a private offering (the "Offering") of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the "Notes"), subject to market and other conditions, including Manitowoc entering into an amendment to its existing 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 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 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. Manitowoc intends to use the net proceeds from the Offering, together with other cash on hand as necessary, to (i)
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- The Manitowoc Company, Inc. (NYSE: MTW) had its price target lowered by analysts at Robert W. Baird from $13.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- Manitowoc Company Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- The Manitowoc Company Reports Third-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
MTW
Earnings
- 10/30/24 - Miss
MTW
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- MTW's page on the SEC website