Manitou Group announces the signing of a new €375m credit agreement
Manitou Group announces the signature of a new credit agreement for an amount of €375 million and a maturity of 5 years with the possibility of a 2-year extension. This financing replaces the current €180 million credit agreement maturing in December 2023.
Consisting solely of a revolving credit facility (RCF), this financing completes the various bond and long-term facilities of €105 million euros put in place in 2019.
The new financing put in place will enable Manitou Group to further develop its activities in line with the ambitions of the "New Horizons 2025" roadmap, to carry out the main capacity investments that the group has announced in France (€80 million) and in the United States (€70 million), and to accelerate the energy transition of our equipment, the digitalization and the services activities.
Michel Denis, President & Chief Executive Officer