Manitowoc calls $900 million in 2020, 2022 senior notes on March 3

By Tanya Meyer

Chicago, Feb. 2 – Manitowoc Co., Inc. will redeem $900 million in senior notes due 2020 and 2022 on March 3, according to a news release.

The $600 million 8½% senior notes due Nov. 1, 2020 will be redeemed at 104.25 plus accrued interest up to the redemption date.

The $300 million 5 7/8% senior notes due Oct. 15, 2022 will be redeemed at the make-whole price of par plus the applicable premium, plus accrued interest up to the redemption date.

Both redemptions are subject to the release from escrow of funds from recent note offerings by MTW Foodservice Escrow Corp. and MTW Cranes Escrow Corp.

Wells Fargo Bank, NA is the paying agent and trustee.

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