UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
the Securities Exchange
Act of 1934
_________________
|
Date of Report |
|
|
(Date of earliest |
|
event reported): |
June 30, 2008 |
The Manitowoc Company, Inc.
|
(Exact name of registrant as specified in its charter) |
Wisconsin
|
1-11978
|
39-0448110
|
(State or other |
(Commission File |
(IRS Employer |
jurisdiction of |
Number) |
Identification No.) |
incorporation) |
2400 S. 44th Street, Manitowoc, Wisconsin 54221-0066
|
(Address of principal executive offices, including ZIP code) |
(920) 684-4410
|
(Registrants telephone number, including area code) |
_________________
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
[ ] |
Written
communications pursuant to Rule 425 under the Securities Act (17 C.F.R.
§230.425) |
[ ] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12) |
[ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R.
§240.14d-2(b)) |
[ ] |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R.
§240.13e-4(c)) |
Item 1.01. |
Entry
into a Material Definitive Agreement |
On
June 30, 2008, The Manitowoc Company, Inc. (Manitowoc) entered into Amendment
No. 2 (the Amendment) to its Credit Agreement, dated as of April 14, 2008 (the
Credit Agreement), with JPMorgan Chase Bank, N.A., as Administrative Agent,
Deutsche Bank AG New York Branch and Morgan Stanley Senior Funding, Inc., as Syndication
Agents, and BNP Paribas, as Documentation Agent, as amended by Amendment No. 1, dated as
of May 18, 2008. The Amendment amends certain provisions of the Credit Agreement for the
purpose of permitting Manitowocs increased bid for Enodis plc (Enodis)
in connection with the auction process described below under Item 8.01. The Amendment also
provides for an increase in the amount of the Term Loan Y facility made available to
Manitowoc under the Credit Agreement from $1,075,000,000 to $1,325,000,000, resulting in
an increase in the aggregate amount of the loan facilities made available to Manitowoc
under the Credit Agreement from $2,675,000,000 to $2,925,000,000.
The
foregoing description of the Amendment does not purport to be complete and is qualified in
its entirety by reference to the Amendment, which is attached as Exhibit 4.1 to this
Current Report on Form 8-K.
Item 2.03 |
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant |
On
June 30, 2008, Manitowoc entered into the Amendment. For a description of the Amendment,
the Credit Agreement and Amendment No. 1 to the Credit Agreement, see, respectively, Item
1.01 above, Item 2.03 on Manitowocs Current Report on Form 8-K dated April 14,
2008 and Item 1.01 on Manitowocs Current Report on Form 8-K dated May 18, 2008.
On
June 30, 2008, Manitowoc issued a press release (the Press Release) announcing
that it has been notified by the UK Panel on Takeovers and Mergers (the Panel)
that Enodis intends to recommend Manitowocs offer to acquire Enodis pursuant to a
transaction valued at approximately $2,700,000,000, including the assumption of
Enodis net debt. The notice from the Panel followed the completion of an auction
process with Illinois Tool Works Inc. (ITW). Manitowoc first announced an
offer to acquire Enodis on April 14, 2008. ITW announced an offer to acquire Enodis on May
8, 2008. The Company then announced an increased offer on May 19, 2008, and on June 24,
2008, the Panel instituted the auction process.
Manitowoc
is filing the Press Release as Exhibit 99.1 hereto, which is incorporated herein by
reference.
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Item 9.01. |
Financial
Statements and Exhibits. |
|
The
following exhibits are filed herewith: |
|
(4.1) |
Amendment
No. 2, dated as of June 30, 2008, to the Credit Agreement, dated as of
April 14, 2008, by and among The Manitowoc Company, Inc., the subsidiary
borrowers named therein, JPMorgan Chase Bank, N.A., as administrative
agent, and the lenders named therein, as amended by Amendment No. 1, dated
as of May 18, 2008. Manitowoc agrees to furnish a copy of any omitted
schedule or exhibit to the Commission upon request. |
|
(99.1) |
Press
release dated June 30, 2008 |
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
THE MANITOWOC COMPANY, INC. |
Date: July 2, 2008 |
By: /s/ Maurice D. Jones |
|
Maurice D. Jones |
|
Senior Vice President, General Counsel and Secretary |
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THE MANITOWOC COMPANY,
INC.
FORM 8-K
EXHIBIT INDEX
Exhibit |
|
Number |
Description |
(4.1) |
Amendment
No. 2, dated as of June 30, 2008, to the Credit Agreement, dated as of April 14,
2008, by and among The Manitowoc Company, Inc., the subsidiary
borrowers named therein, JPMorgan Chase Bank, N.A., as
administrative agent, and the lenders named therein, as amended by
Amendment No. 1, dated as of May 18, 2008. Schedules and exhibits to the Amendment
have not been filed herewith. Manitowoc agrees to furnish a
copy of any omitted schedule or exhibit to the Commission upon
request. |
(99.1) |
Press
release dated June 30, 2008 |
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