secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0000950170-22-010408
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc amends credit agreement to extend maturity to May 2027, replace LIBOR with SOFR
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- Extends credit agreement maturity to 5 years from May 19, 2022; springing maturity to Dec 30, 2025 if 9% senior secured notes due 2026 not repaid/refinanced.
- Permits inclusion of crane rental assets in borrowing base (subject to limits) and allows separate financing of crane rental fleets outside the base.
- Replaces U.S. dollar LIBOR with SOFR-based interest rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017022010408/0000950170-22-010408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017022010408/mtw-20220519.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010408

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