New Issue-Manitowoc sells $600 mln in notes
Oct 13 (Reuters) - Manitowoc Co Inc (MTW.N) on Wednesday sold $600 million of senior notes, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $500 million.
Deutsche Bank, JP Morgan and Bank of America Merrill Lynch were the joint bookrunning managers for the sale. BORROWER: MANITOWOC CO INC AMT $600 MLN COUPON 8.50 PCT MATURITY 11/1/2020 TYPE SR NTS ISS PRICE 99.165 FIRST PAY 5/1/2011 MOODY'S B3 YIELD 8.625 PCT SETTLEMENT 10/18/2010 S&P B-PLUS SPREAD 620 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS* *MAKE-WHOLE CALL 50 BPS