04.10.2012
Manitowoc to raise $250 million
Manitowoc has launched a public offering for $250 million worth of senior notes with a 2022 maturity date.
The company intends to use the proceeds to pay off the $150 million principal on its 7 1/8 percent senior notes that are due to mature in 2013 and to repay a portion of the outstanding borrowings under its senior secured credit facilities.
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