Columbus McKinnon Completes $900 Million Senior Secured Notes Offering

Reuters
Jan 31
Columbus McKinnon Completes $900 Million Senior Secured Notes Offering

Columbus McKinnon Corporation has completed its offering of $900 million in aggregate principal amount of 7.125% senior secured notes due 2033. The proceeds from this debt issuance will be used to finance the company's pending acquisition of Kito Crosby Limited, repay existing indebtedness of Kito Crosby, refinance certain existing debts of Columbus McKinnon, and cover related fees and expenses. The notes were sold to qualified institutional buyers and certain accredited investors, and the offering was not conditioned on the completion of the acquisition. The notes are subject to a special mandatory redemption if the acquisition is not completed by August 10, 2026, or if the company determines it will not occur by that date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbus McKinnon Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY74741) on January 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10