Manitowoc readies launch of $200 million term loan for Thursday

By Sara Rosenberg

New York, Nov. 20 - Manitowoc Co. Inc. is scheduled to hold a bank meeting on Thursday to launch a $200 million seven-year term loan, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance existing bank debt and for general corporate purposes.

Manitowoc is a Manitowoc, Wis.-based manufacturer and seller of cranes and related products and foodservice equipment.

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