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New Issue-Manitowoc sells $400 mln in 8-yr snr notes
February 3, 2010 / 10:10 PM / 8 years ago

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

  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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