Columbus McKinnon Prices $900M Notes for Kito Crosby

Columbus McKinnon priced an offering of $900.0 million aggregate principal amount of 7.125% senior secured notes due 2033 to help fund its pending acquisition of Kito Crosby. The offering size was reduced from $1,225.0 million to $900.0 million and is expected to close on January 30, 2026, subject to customary conditions.

Proceeds, together with preferred-share proceeds to CD&R and a New Credit Agreement, are intended to finance the acquisition, repay Kito Crosby indebtedness, refinance company debt, and pay fees. The notes are initially unsecured and are expected to become secured and guaranteed after the acquisition closes, with a special redemption if the deal does not close by August 10, 2026.