Manitou signs €160 million five-year revolver

By William Gullotti

Buffalo, N.Y., Jan. 10 – Manitou Group signed an amendment to a July 2022 agreement for a new €160 million revolving credit facility with a five-year tenor, according to a press release on Wednesday.

The additional revolver also includes a possible one-year maturity extension.

HSBC Continental Europe, Banque CIC Ouest, Societe Generale, BNP Paribas, Natixis and Banque Populaire Grand Ouest are the mandated lead arrangers and bookrunners for the new revolver. Arkea Banque Entreprises et Institutionnels and Credit Lyonnais are also listed as lead arrangers.

HSBC Continental is also the CSR agent. Societe Generale is further listed as both agent and documentation agent.

Proceeds from the additional revolving facility will be used to strengthen the group’s financial structure, for continued development and to finance investment projects.

Based in Ancenis, France, Manitou designs, manufactures, distributes and services equipment for the construction and agriculture industries.

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