Columbus McKinnon calls remaining $25.6 million 8½% notes due 2008

By Jennifer Chiou

New York, Sept. 12 - Columbus McKinnon Corp. announced it will redeem the remaining $25.6 million of its 8½% senior subordinated notes due 2008 at 101.417% plus accrued interest.

The redemption date is Oct. 14.

Previously, the company bought back $116.8 million of the notes for its tender offer that ended Sept. 1.

U.S. Bank Trust NA is trustee (800 934-6802).

Columbus McKinnon said it intends to redeem the notes using proceeds from its recently completed offering of 8 7/8% senior subordinated notes due 2013, borrowings under its revolving credit facility and cash.

Amherst, N.Y.-based Columbus McKinnon manufactures material handling systems, such as hoists and cranes.

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