MANITEX INTERNATIONAL, INC. (NASDAQ:MNTX) Files An 8-K Entry into a Material Definitive Agreement
As previously disclosed, on July 20, 2016, Manitex International, Inc. (the Company) and certain of its subsidiaries entered into a Loan and Security Agreement (as amended, the Loan Agreement) with CIBC Bank USA (CIBC) (formerly known as The Private Bank and Trust Company). The Loan Agreement provides the Company with a revolving credit facility. The Loan Agreement was subsequently amended by a First Amendment dated as of August 4, 2016, a Second Amendment dated as of September 30, 2016, a Third Amendment dated as of November 8, 2016, a Fourth Amendment dated February 10, 2017, a Fifth Amendment dated April 26, 2017, a Sixth Amendment dated March 9, 2018 and a Seventh Amendment dated July 23, 2018.
On September 30, 2019, the parties to the Loan Agreement entered into an eighth amendment to the Loan Agreement (the Eighth Amendment). The main modifications to the Loan Agreement resulting from the Eighth Amendment are as follows:
The foregoing description of the Eighth Amendment is qualified in its entirety by reference to the full text of the Eighth Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
|Eighth Amendment to Loan and Security Agreement, dated as of September 30, 2019, by and among Manitex International, Inc., Manitex Inc., Manitex Sabre, Inc., Badger Equipment Company, Crane and Machinery, Inc., Crane and Machinery Leasing, Inc., Manitex, LLC, and CIBC Bank USA (f/k/a The PrivateBank and Trust Company) and the lenders party thereto.|