Business
Columbus McKinnon Announces Completion of Senior Secured Notes Offering
Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today it has completed its offering of $900.0 million in aggregate principal amount of 7.125% senior secured notes due 2033 (the "Notes") in connection with the Company's previously announced pending acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby").
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Jan. 30, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today it has completed its offering of $900.0 million in aggregate principal amount of 7.125% senior secured notes due 2033 (the "Notes") in connection with the Company's previously announced pending acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby").","length":638,"tagName":"p"},{"type":"image","alt":"Columbus McKinnon Corporation (PRNewsfoto/Columbus McKinnon Corporation)","displaySize":"","headline":null,"caption":"Columbus McKinnon Corporation (PRNewsfoto/Columbus McKinnon Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":195,"url":"https://media.zenfs.com/en/prnewswire.com/fab614556eb65f8ddfc58864848be3c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bis8hIQsWtu9jJNxbZT.vQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fab614556eb65f8ddfc58864848be3c8","width":400,"height":195}},"href":"https://mma.prnewswire.com/media/2532940/Columbus_McKinnon_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Columbus McKinnon intends to use the net proceeds from the offering of the Notes, together with the proceeds from the sale of Series A Cumulative Convertible Participating Preferred Shares of the Company to CD&R XII Keystone Holdings, L.P. and the New Credit Agreement (as defined below), to finance the Acquisition (including the repayment of Kito Crosby's existing indebtedness), to refinance certain of the Company's existing indebtedness and to pay any related fees and expenses.","length":495,"tagName":"p"},{"type":"text","content":"The offering of the Notes was not conditioned on the consummation of the Acquisition. The Notes are subject to a special mandatory redemption in the event that (i) the consummation of the Acquisition does not occur on or before close of business on August 10, 2026 (or such later date if the end date is extended under the Stock Purchase Agreement, dated as of February 10, 2025, b...