debt
confidence high
sentiment neutral
materiality 0.75
Columbus McKinnon prices $900M 7.125% senior secured notes due 2033, down from $1.225B
COLUMBUS MCKINNON CORP
- Aggregate principal downsized from $1.225B to $900M; notes priced at 7.125% coupon, due 2033.
- Proceeds to finance acquisition of Kito Crosby, repay existing debt, pay fees; close expected Jan 30, 2026.
- Special mandatory redemption if Kito Crosby acquisition not consummated by Aug 10, 2026.
- Notes initially unsecured; become secured upon acquisition close, guaranteed by certain U.S. subs.