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Manitou Group — Capital/Financing Update 2012
Nov 5, 2012
1503_iss_2012-11-05_c1992924-cfaf-49b2-8d40-c69aef62feec.pdf
Capital/Financing Update
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Manitou announces a bond issue subscribed by Micado-France 2018
Ancenis, November 5, 2012 - Manitou will issue a €7m bond entirely subscribed by Micado-France 2018 on November 7, 2012. The issue offers a 7 year maturity (October 2, 2018) and a 5.95% coupon bond. The bonds will be listed on the NYSE Alternext stock market.
This transaction will be the first financing diversification operation for Manitou Group. The bonds will participate to finance general Corporate purposes.
As at June 30, 2012, Manitou Group recorded a €147m net debt with a 35% gearing mainly including a credit facility with a September 2013 maturity date.
This bond issue belongs to the Micado-France 2018 project, a fund invested in non-rated bonds launched by Accola, Middlenext and Investeam and enabling French Small and Midcap companies to access the bond market.
The bookrunner behind this transaction is Portzamparc Société de Bourse, advised by CMS Bureau Francis Lefebvre.
Presentation available on www.manitou-group.com (under investor relations/regulated information/other permanent information) and NYSE Alternext web sites
Manitou, THE Material-Handling Reference, is headquartered in Ancenis (West of France). Manitou designs, assembles and distributes material-handling solutions for agriculture, construction and industry markets. Manitou reported in 2011 revenue of €1,131 million, of which two thirds outside France. Business is conducted under the Manitou, Gehl, Mustang, Loc and Edge trademarks, through 1,400 independent dealers in more than 120 countries. As of December 31, 2011, Manitou employed approximately 3,000 people of which 40% outside France.
Forthcoming event January 29, 2013 (post closing): Q4'12 Revenue
Corporate information is available at: www.manitou-group.com Shareholder information: [email protected]
Listing codes: ISIN: FR0000038606 • MNO: MTU • Reuter: MANP.PA • Bloomberg: MTU.FP Indexes: CAC Mid & Small, CAC Small, CAC All-Tradable, NEXT 150