Manitowoc calls 10½% notes

By Susanna Moon

Chicago, June 7- Manitowoc Co., Inc. plans to redeem its 10½% senior subordinated notes due 2012.

The redemption date is Aug. 1.

The company will pay holders 105.25% of the principal amount plus accrued interest up to the redemption date.

In total, the Manitowoc will pay $129 million.

As of Dec. 31, the notes accounted for $113.8 million of the company's $264.3 million in long-term debt. The notes were issued in August 2002.

The company provides lifting equipment to the construction industry and is based in Manitowoc, Wis.

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