The new maturity date for Manitex’s credit facility, including its US and Canadian revolving lines of credit and its term loan, is effective from 28 April, 2009 and contains customary financial covenants and default provisions.
“The amendment to our current credit facility underscores Comerica’s confidence in our business and provides greater financial flexibility for us to continue to pursue our growth strategy,” said Manitex chief operating officer Andrew Rooke. “We have always maintained excellent relationships with our lenders, and continue to proactively manage our balance sheet for the benefit of our shareholders.”
