Ticking Fee Offered For Manitowoc "B"

31 Jul 2008

Lead banks are offering a 50-basis-point ticking fee to investors that will buy and hold an order of Manitowoc's $1.325 billion term loan "B" until the debt funds in November.

Lead banks are offering a 50-basis-point ticking fee to investors that will buy and hold an order of Manitowoc's $1.325 billion term loan "B" until the debt funds in November. The ticking fee bumps up to 75 basis points sometime in September or October, market players said. Investors ...

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