Manitex international, inc. announces repayment of $15.5 million of convertible notes and reduction of $2 million in term debt

Fourth quarter 2020 payments anticipated to reduce net debt to approximately $30 million at december 31, 2020 bridgeview, il / accesswire / january 6, 2021 / manitex international, inc. (nasdaq:mntx), a leading international provider of cranes and specialized industrial equipment, today announced the repayment in entirety of two convertible notes that were due in december 2020 and january 2021, totaling $15.5 million, which included all remaining principal and accrued interest, as well as the paydown of $2.0 million in european term debt associated with manitex's subsidiary, pm group, spa. the paydowns were funded through $7.8 million in draws on the revolver and cash from the us.
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