Columbus McKinnon Completes $900M Senior Secured Notes Offering

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Columbus McKinnon Corporation has completed a $900 million offering of 7.125% senior secured notes due 2033. The company plans to use the proceeds to finance its previously announced acquisition of Kito Crosby Limited, refinance certain existing debt, and pay related fees and expenses. The notes are subject to a special mandatory redemption if the Kito Crosby acquisition does not close by August 2026.

Why it matters

This debt financing will allow Columbus McKinnon to complete a strategic acquisition that will expand its industrial equipment and material handling product portfolio. The notes offering provides the necessary capital to execute on this growth plan, while also refinancing existing debt on potentially more favorable terms.

The details

Columbus McKinnon issued $900 million in aggregate principal amount of 7.125% senior secured notes due 2033. The notes will initially be unsecured but will become secured by a first priority interest in substantially all of Columbus McKinnon's and its U.S. subsidiaries' assets after the Kito Crosby acquisition closes. The notes will also be guaranteed by Columbus McKinnon's U.S. subsidiaries that will guarantee the new senior secured credit facilities expected to be entered into for the Kito Crosby acquisition.

• The notes offering was completed on January 30, 2026.
• The Kito Crosby acquisition is expected to close by August 10, 2026, or a later date if the end date is extended.

What’s next

After the Kito Crosby acquisition closes, the senior secured notes will become secured by Columbus McKinnon's assets and guaranteed by its U.S. subsidiaries.