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  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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      "text": "Spruce Point raises serious concerns when it sees management tapping into pension funds for loans to subsidiaries.",
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      "text": "Other Local Arrangements: In April 2018, two of the Company's non-U.S. pension plans issued loans totaling $39.6 million...",
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      "text": "Item 1.01. Entry into a Material Definitive Agreement. On June 15, 2018, Mettler-Toledo International Inc. entered into an amendment agreement...",
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      "text": "Item 2.03. Creation of a Direct Financial Obligation... On April 18, 2019, Mettler-Toledo International Inc. entered into a Note Purchase Agreement...",
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      "text": "If we are correct that Mettler is experiencing financial strain, it should not be surprising that management could engage in more aggressive financing and tax strategies to bridge cash needs. Spruce Point raises serious concerns when it sees management tapping into pension funds for loans to subsidiaries. Management should provide more detail as to the purpose of the transaction, which pension plans were involved, and to what subsidiary was loaned money?",
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      "text": "In April 2018, two of the Company's non-U.S. pension plans issued loans totaling $39.6 million (Swiss franc 38 million) to a wholly owned subsidiary of the Company.",
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      "text": "Source: 10-K, p. F-23; 8-K, June 15, 2018; 8-K, April 18, 2019",
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      "kind": "title",
      "text": "Milking The Pension For Financing....?",
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