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| MNTX > SEC Filings for MNTX > Form 8-K on 1-Oct-2012 | All Recent SEC Filings |
1-Oct-2012
Entry into a Material Definitive Agreement, Creation of a Direct Fina
Company and Comerica Bank Amend Credit Agreement to increase the amount which can be advanced to foreign subsidiaries.
Manitex International, Inc. (the "Company") currently has a U.S. credit facility with Comerica Bank ("Comerica"). On September 27, 2012, the Company and Manitex, Inc., a subsidiary of the Company, and Comerica executed Amendment No. 10 to the Second Amended and Restated Credit Agreement (the "Amendment"). The purpose of the Amendment was to increase the amount of permitted loans or advances to foreign subsidiaries.
In accordance with the Amendment, the Company is now permitted to make advances to foreign subsidiaries up to $6,500,000.
The above summary of the Amendment is qualified in its entirety by reference to a copy of the Amendment attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
On July 17, 2012, the Company the issued 500,000 shares of the Company's common stock, and indicted in the Company's Prospectus Supplement filed with the Securities and Exchange Commission on July 13, 2012, that it was going to use approximately $1.8 million of the proceeds from the stock issuance to retire a note issued in connection with the acquisition of assets by CVS Ferrari srl, our Italian subsidiary, ("CVS") that had a remaining principal balance of approximately $1.8 million. The Amendment referred to above was entered into primarily to accommodate a transfer of these funds to CVS for this purpose.
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
See the Exhibit Index set forth below for a list of exhibits included with this Current Report on Form 8-K.
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