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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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April 20, 2015
12:18 EDTMTWManitowoc elects Carl Icahn representative to board of directors
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April 17, 2015
09:14 EDTMTWOn The Fly: Pre-market Movers
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09:06 EDTMTWManitowoc receives favorable determination in Sany patent infringement lawsuit
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April 16, 2015
16:52 EDTMTWManitowoc drops after hours, levels to watch
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16:43 EDTMTWManitowoc down 4% following Q1, FY15 guidance
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16:35 EDTMTWManitowoc says on track for separation of Cranes and Foodservice businesses
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16:35 EDTMTWManitowoc CEO says saw pockets of improvement within Crane business in Q1
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16:34 EDTMTWManitowoc reaffirms remainder of FY15 outlook
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16:32 EDTMTWManitowoc sees FY15 Foodservice revenue approximately flat, consensus $3.79B
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16:31 EDTMTWManitowoc sees Q1 pre-tax loss from cont ops of ($9.5M), consensus 20c
Sees Q1 enterprise net sales approximately $752M, consensus $835.32M.

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