Manitou Group Amends SLL Credit Agreement to Align with LIFT Strategy

Manitou Group, a leader in handling and earthmoving equipment, has announced an amendment to its Sustainability Linked Loan (SLL) credit agreement. This update aligns its non-financial performance indicators with the goals of its LIFT 2030 strategy and revised CSR roadmap. The revolving credit line, amounting to 535 million euros, extends until July 2029.

The amendment introduces a bank margin adjustment mechanism focused on three axes: enhancing workplace safety, increasing revenue from sustainable solutions, and boosting supplier adherence to ethical standards. CEO Michel Denis emphasized this move reinforces Manitou's dedication to sustainable practices and long-term stakeholder value.

HSBC Continental Europe and Société Générale supported the operation as CSR and credit agents, respectively, with legal counsel from Jennifer Hinge of Auguste Debouzy.