Columbus McKinnon Announces Syndication and Pricing of Senior Secured Term Loan B Facility

Core Viewpoint - Columbus McKinnon Corporation has successfully syndicated and priced a new $1,650.0 million senior secured term loan B due 2033 to finance its acquisition of Kito Crosby Limited [1][2] Group 1: Financing Details - The new term loan will be issued at a price equal to 99.0% of its face value and will bear interest at SOFR plus 3.50% [1] - The net proceeds from the term loan, along with other financing sources including a private offering of $900.0 million in senior secured notes and a new revolving facility of $500.0 million, will be used to finance the acquisition, refinance existing debt, and cover related fees and expenses [2] Group 2: Company Overview - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions, focusing on commercial and industrial applications [4] - The company's key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [4]