BRIDGEVIEW, IL / ACCESSWIRE / July 22, 2020 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that it has reduced its European bank debt by approximately 4.96M € (Euros), effective July 20, 2020. Improvements in working capital, via accelerated inventory turns and other operating cash flow that the company has generated since reporting its first quarter results has enabled the debt reduction and balance sheet improvement. The European bank debt was retired at a 15% discount to its face value. Steve Filipov, CEO of Manitex International commented, "We remain committed to lowering our debt and debt servicing costs, by using every resource possible to strengthen our financial position in a challenging business environment.