Manitex International, Inc.: debt financing — Manitex extends $40M and $30M credit facilities to April 2025, with potential further extensions

Manitex International, Inc.

Extended $40M revolving credit facility maturity to April 2025, with automatic 1-year extensions to April 2027 if no default.
Extended $30M revolving credit facility maturity to April 2025; $15M term loan maturity unchanged at October 2029.
Amendment with Amarillo National Bank effective April 11, 2023, executed May 4, 2023.
No Event of Default required for the rolling extension provision on the $40M facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Manitex International, Inc. amended revolving credit of $40,000,000 revolving credit facility with Amarillo National Bank maturing April 11, 2025.

Instrument: revolving credit
Principal: $40,000,000 revolving credit facility
Counterparty: Amarillo National Bank
Maturity: April 11, 2025
Event: amendment

Exact text from the filing

The Amendment extends the maturity of the $40,000,000 revolving credit facility under the Credit Agreement (the “Operating Note”) from April 11, 2024 to April 11, 2025

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Manitex International, Inc. amended revolving credit of $30,000,000 revolving credit facility with Amarillo National Bank maturing April 11, 2025.

Instrument: revolving credit
Principal: $30,000,000 revolving credit facility
Counterparty: Amarillo National Bank
Maturity: April 11, 2025
Event: amendment

Exact text from the filing

The Amendment also extends the maturity of the $30,000,000 revolving credit facility under the Credit Agreement from April 11, 2024 to April 11, 2025

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Manitex International, Inc. amended First Amendment with Amarillo National Bank (effective 2023-04-11).

Action: amendment
Agreement: credit facility
Counterparty: Amarillo National Bank
Effective: 2023-04-11

Exact text from the filing

On May 4, 2023, Manitex International, Inc. (the “Company”), the Company’s domestic subsidiaries and Amarillo National Bank (the “Lender”) entered into a First Amendment (the “Amendment”) to the Commercial Credit Agreement dated as of April 11, 2022 (the “Credit Agreement”), by and among the Company, the Company’s domestic subsidiaries and the Lender.

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Source: SEC EDGAR

accession 0001193125-23-137072

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