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Stock Market & Financial Investment News

News Breaks
January 6, 2014
08:57 EDTMTWManitowoc enters into new senior secured credit facilities
Manitowoc announced the closing of its new senior secured credit facilities in the aggregate amount of $1.05B. The refinancing includes a revolving facility of $500M with a term of five years, a Term Loan “A” facility of $350M with a term of five years, and a Term Loan “B” facility of $200M with a term of seven years. This new credit facility extends the maturity dates of the company’s revolving credit facility and term loans from 2016 and 2017 to 2018 and 2020, respectively. The spread over the applicable LIBOR rate paid under the new revolving and Term Loan “A” facilities at the close declined 75 basis points to 2.25%, or alternatively, to 1.25% in excess of an alternate base rate, at the company’s option.
News For MTW From The Last 14 Days
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November 18, 2014
09:56 EDTMTWOn The Fly: Analyst Upgrade Summary
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09:20 EDTMTWOn The Fly: Pre-market Movers
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05:42 EDTMTWManitowoc upgraded to Buy from Hold at Jefferies
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November 14, 2014
18:05 EDTMTWRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).
November 13, 2014
10:01 EDTMTWOn The Fly: Analyst Initiation Summary
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06:18 EDTMTWManitowoc initiated with a Neutral at Citigroup
Target $24.

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