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Columbus McKinnon Announces Syndication and Pricing of Senior Secured Term Loan B Facility
CHARLOTTE, N.C., Jan. 22, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer,
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Jan. 22, 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 that it has successfully syndicated and priced a new $1,650.0 million aggregate principal amount senior secured term loan B due 2033 (the \"Facility\"). The loans under the Facility will be issued at a price equal to 99.0% of their face value and bear interest at SOFR plus 3.50%, with closing expected concurrent with and subject to the consummation of the Company's previously announced pending acquisition (the \"Acquisition\") of Kito Crosby Limited (\"Kito Crosby\") subject to the satisfaction of customary closing conditions.\n \n \n \n \n \n \n \nColumbus McKinnon intends to use the net proceeds from the Facility, together with the proceeds from the Company's previously announced (i) private offering of $900.0 million in aggregate principal amount of senior secured notes due 2033, (ii) the sale of Series A Cumulative Convertible Participating Preferred Shares of the Company to CD&R XII Keystone Holdings, L.P., and (iii) new revolving facility with aggregate commitments of $500.0 million, 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.This press release does not constitute an offer to sell, or the solicitation of any offer to buy, any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of that jurisdiction.About Columbus McKinnonColumbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engine...