New Issue-Manitowoc sells $400 mln in 8-yr snr notes

Wed Feb 3, 2010 5:08pm EST

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  Feb 3 (Reuters) - The Manitowoc Company Inc (MTW.N) on
Wednesday sold $400 million of senior notes, said IFR, a
Thomson Reuters service.
  JP Morgan, Deutsche Bank and Bank of America Merrill Lynch
were the joint bookrunning managers for the sale.
BORROWER: THE MANITOWOC COMPANY INC
AMT $400 MLN      COUPON 9.50 PCT     MATURITY 2/15/2018 
TYPE SR NOTES     ISS PRICE 100       FIRST PAY 8/15/2010
MOODY'S Caa1      YIELD 9.50 PCT      SETTLEMENT 2/8/2010
S&P BB-MINUS      SPREAD 609 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE-CALL 50 BPS

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