UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 03, 2024 |
The Manitowoc Company, Inc.
(Exact name of Registrant as Specified in Its Charter)
Wisconsin | 1-11978 | 39-0448110 | ||
(State or Other Jurisdiction | (Commission File Number) | (IRS Employer | ||
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11270 West Park Place Suite 1000 |
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Milwaukee, Wisconsin |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: 414 760-4600 |
Not Applicable |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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| Trading |
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Common Stock, $.01 Par Value |
| MTW |
| The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On September 3, 2024, The Manitowoc Company, Inc. (the “Company”) issued a press release announcing that it has commenced a private offering of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”), subject to market and other conditions, including the Company amending its existing ABL credit agreement to among other things increase the commitments by $50 million to $325 million. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. As of June 30, 2024, we would have had approximately $203.2 million of borrowings available under the ABL credit agreement, as amended, after taking into account the letters of credit and borrowing base availability.
The information contained in this Current Report on Form 8-K shall not constitute an offer to sell, or a solicitation of an offer to buy, the Notes or any other securities and shall not constitute an offer to sell, or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Item 9.01 Financial Statements and Exhibits.
(d) |
| Exhibits. |
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Exhibit No. |
| Description |
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99.1 |
| Press Release dated September 3, 2024, announcing the launch of the offering of the Notes |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| THE MANITOWOC COMPANY, INC. |
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Date: | September 3, 2024 | By: | /s/ Brian P. Regan |
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| Brian P. Regan |