Columbus McKinnon wraps repriced term loan B at Libor plus 250 bps

By Wendy Van Sickle

Columbus, Ohio, Feb. 26 – Columbus McKinnon Corp. completed the repricing of its $390.5 million term loan B due Jan. 31, 2024 at Libor plus 250 basis points, the low end of talk of Libor plus 250 bps to 275 bps.

The loan was repriced at par with six months of 101 soft call protection, according to a press release.

As before, the term loan has a 1% Libor floor.

JPMorgan Chase Bank is the lead on the deal.

The term loan repriced an existing term loan down from Libor plus 300 bps.

Columbus McKinnon is a Getzville, N.Y.-based designer, manufacturer and marketer of material handling products, technologies and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.