February 5, 2010 (FinancialWire) — The Manitowoc Co., Inc. (NYSE: MTW) has priced a public offering of $400 million aggregate principal amount of senior notes maturing in 2018 and bearing interest at a rate of 9.50%.

The offering is scheduled to close on February 8.

Manitowoc plans to use the net proceeds of the offering to make a partial repayment of amounts outstanding under its term loan facilities.

Wisconsin-based Manitowoc is a multi-industry, capital goods manufacturer with more than 100 manufacturing and service facilities in 27 countries.

The company is a provider of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks.

Manitowoc is also a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food prep, and cooking needs of restaurants, convenience stores, hotels, healthcare, and institutional applications.

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