Manitou: Announcement of the execution of a €25,000,000 new bond issue

Manitou today finalized a €25,000,000 new private bond issue.

The bond will bear an annual interest at a 4.0% rate and will be repayable at maturity in July 2022. The placement of this bond issue was entirely completed with the NOVO 1 fund.

The issue allows Manitou to extend its debt maturity and to finalize the execution of its disintermediated financing cycle launched in 2012.

Following this operation, which will not lead to an increase in the group’s gross debt, Manitou BF will have almost €50 million of disintermediated debt for a €121 million gross debt total amount as at December 31, 2014.

Manitou has been assisted for this issue by Portzamparc Société de Bourse as Mandated Lead Arranger and Banque Populaire Atlantique as Mandated co-Lead Arranger of the operation, both advised by CMS Bureau Francis Lefebvre.