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Manitowoc Foodservice, Inc. Completes Exchange Offer for 9.500% Senior Notes Due 2024

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NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--

Manitowoc Foodservice, Inc. (NYSE: MFS), today reported the results of its previously announced offer to exchange (the "Exchange Offer") all of its outstanding $425,000,000 aggregate principal amount of 9.500% Senior Notes due 2024 (the "Original Notes") for new 9.500% Senior Notes due 2024, the issuance of which has been registered under the Securities Act of 1933. As of 5:00 p.m., New York City time, on September 26, 2016, the expiration date for the Exchange Offer (the "Expiration Date"), holders of 99.991% of the principal amount of the Original Notes (excluding Original Notes tendered by guaranteed delivery) had validly tendered pursuant to the terms of the Exchange Offer. The settlement date for the Exchange Offer will occur promptly following the Expiration Date.

About Manitowoc Foodservice, Inc.

Manitowoc Foodservice, Inc. designs, manufactures and supplies best-in-class food and beverage equipment for the global commercial foodservice market, offering customers unparalleled operator and patron insights, collaborative kitchen solutions, culinary expertise and world-class implementation support and service. Headquartered in the Tampa Bay area, Florida, and operating 19 manufacturing facilities throughout the Americas, Europe and Asia, the company sells through a global network of over 3,000 distributors and dealers in over 100 countries. The company has approximately 5,500 employees and generated sales of $1.57 billion in 2015. Its portfolio of 23 award-winning brands includes Cleveland™, Convotherm®, Delfield®, Fabristeel™, Frymaster®, Garland®, INDUCS™, Kolpak®, Koolaire®, Lincoln®, Manitowoc® Beverage Systems, Manitowoc® Ice, Merrychef®, Multiplex®, Servend® and Welbilt®. For more information, visit www.mtwfs.com.

Manitowoc Foodservice, Inc.
Rich Sheffer, +1-727-853-3079
Vice President of Investor Relations and Treasurer
Richard.sheffer@mtwfs.com

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