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New Issue-Columbus McKinnon sells $150 mln in notes
January 13, 2011 / 4:52 PM / 7 years ago

New Issue-Columbus McKinnon sells $150 mln in notes

  Jan 13 (Reuters) - Columbus McKinnon Corp (CMCO.O) on Thursday sold $150 million of senior subordinated notes in the 144a private placement market, said IFR, a Thomson Reuters service.
  Credit Suisse, Bank of America Merrill Lynch, and JP Morgan were the joint bookrunning managers for the sale. BORROWER: COLUMBUS MCKINNON CORP AMT $150 MLN      COUPON 7.875 PCT    MATURITY 2/1/2019   TYPE SR NTS       ISS PRICE 98.545    FIRST PAY 8/1/2011  MOODY‘S B1        YIELD 8.125 PCT     SETTLEMENT 1/25/2011 S&P B-PLUS        SPREAD 515 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS* *MAKE-WHOLE CALL 50 BPS  

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