secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000950170-24-108117
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc issues $300M 9.250% notes due 2031, redeems 9.00% notes due 2026
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- Issued $300M aggregate principal of 9.250% Senior Secured Second Lien Notes due October 1, 2031.
- Net proceeds used to redeem all outstanding 9.00% Senior Secured Second Lien Notes due April 2026.
- ABL Credit Facility amended: up to $325M asset-based revolver, maturity extended to September 18, 2029.
- New notes are senior secured second-lien, guaranteed by domestic subs, junior to ABL first-lien.
- Interest payable semi-annually on April 1 and October 1, starting April 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017024108117/0000950170-24-108117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017024108117/mtw-20240918.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-108117

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