Simpson Thacher represented the initial purchasers in connection with a debut 144A/Regulation S offering of $900 million aggregate principal amount of 7.125% Senior Secured Notes due 2033 (the “Notes”) by Columbus McKinnon Corporation (“Columbus McKinnon”) and the lead arrangers in connection with a $1.65 billion aggregate principal amount term loan credit facility and $500 million aggregate principal amount revolving credit facility (collectively, the “Credit Facilities”), each in connection with Columbus McKinnon’s $2.7 billion acquisition of Kito Crosby (the “Acquisition”). Proceeds from the offering of the Notes and the loans under the Credit Facilities, together with the proceeds from Columbus McKinnon’s sale of its Series A Cumulative Convertible Participating Preferred Shares to CD&R, are expected to finance the Acquisition (including the repayment of Kito Crosby's existing indebtedness), refinance certain existing indebtedness of Columbus McKinnon and pay any related fees and expenses.
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Kito Crosby is the global leader of the lifting and securement industry it pioneered, and for which it continues to set the quality standard.
The Simpson Thacher team includes David Azarkh, Evan Zuckerman, Joseph Hahn and Leena Sanka (Capital Markets); Bill Sheehan, Leah Tendler, Stephanie Rotter, Dennis Durkin, Mark Marzziotti and Alice Ko (Credit); Lia Toback (PIPE); Michael Mann (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Ron Ben-Yehuda, Courtney Welshimer, Matthew Richardson and Sara Liu (Intellectual Property); Michael Isby (Environmental); Jon Pall (Collateral); and Tim Gallagher (Real Estate).