Manitowoc plans to use existing debt availability for acquisition

By Sara Rosenberg

New York, July 20 – Manitowoc Co. Inc. plans to use existing debt availability and cash on hand to fund its roughly $130 million acquisition of H&E Equipment Services Inc.’s crane business, according to a news release.

Closing is expected in the fourth quarter, subject to customary conditions and regulatory approvals.

Manitowoc is a Milwaukee-based manufacturer of cranes and lifting solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.