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Manitex International, Inc. Will Participate In Roth Virtual Growth Conference March 15-17, 2021

Manitex International, Inc. Will Participate In Roth Virtual Growth Conference March 15-17, 2021
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Manitex International repays and pays down debt

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By D.Ann Shiffler12 January 2021
Manitex International announced the payment of two notes totalling $15.5 million and the $2 million paydown of its European term debt associated with PM Group.
Manitex International continues to paydown and pay off its debt. ....

United States , Joe Doolan , Terex Corporation , Manitex International , Manitex International Inc , Oil Steel , ஒன்றுபட்டது மாநிலங்களில் , ஓஹோ டூலன் , டெரெக்ஸ் நிறுவனம் , எண்ணெய் எஃகு ,

Manitex International, Inc. Announces Repayment of $15.5 Million of Convertible Notes and Reduction of $2 Million in Term Debt

(2)
Fourth Quarter 2020 Payments Anticipated to Reduce Net Debt to Approximately $30 Million at December 31, 2020
BRIDGEVIEW, IL / ACCESSWIRE / January 6, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced the repayment in entirety of two convertible notes that were due in December 2020 and January 2021, totaling $15.5 million, which included all remaining principal and accrued interest, as well as the paydown of $2.0 million in European term debt associated with Manitex s subsidiary, PM Group, SpA. The paydowns were funded through $7.8 million in draws on the revolver and cash from the US.
The notes, issued by Manitex International in 2014 and 2015 to both Terex Corporation and MI Convert Holdings, funded various Manitex acquisitions and other strategic growth initiatives. Terex Corporation remains a significant investor in Manitex International, Inc., holding over 1.1 mil ....

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