New Issue-Manitowoc sells $600 mln in notes

Wed Oct 13, 2010 5:49pm EDT

  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                                  

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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