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Columbus Mckinnon ( (CMCO) ) has shared an announcement.
On January 22, 2026, Columbus McKinnon announced it had priced a private offering of $900 million in 7.125% senior secured notes due 2033, downsized from a previously planned $1.225 billion, with closing expected on January 30, 2026, subject to customary conditions. The company plans to use the note proceeds, alongside preferred equity financing and a new credit agreement, to fund its pending acquisition of Kito Crosby Limited, repay Kito Crosby’s existing debt, refinance portions of its own indebtedness, and cover related fees and expenses, a move that reshapes its capital structure and underscores the strategic importance of the Kito Crosby transaction to its growth in the material-handling sector; the notes are initially unsecured but will become first-lien, senior secured obligations guaranteed by key U.S. subsidiaries following completion of the acquisition, and include a special mandatory redemption feature if the deal does not close by August 10, 2026 or is formally abandoned.
The most recent analyst rating on (CMCO) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.
Spark’s Take on CMCO Stock
According to Spark, TipRanks’ AI Analyst, CMCO is a Neutral.
The score is driven primarily by improving financial quality (better leverage and strong free cash flow growth) and supportive operating momentum highlighted on the earnings call (sales/backlog growth). These positives are tempered by very high valuation (P/E 152.64), overbought technical readings, and added leverage risk from acquisition-related financing.
To see Spark’s full report on CMCO stock, click here.
More about Columbus Mckinnon
Columbus McKinnon Corporation is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions for material handling, with key products including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The company focuses on commercial and industrial applications that demand high safety and quality, leveraging its engineering know-how to move, lift, position and secure materials efficiently and ergonomically.
Average Trading Volume: 282,233
Technical Sentiment Signal: Sell
Current Market Cap: $574.9M
See more data about CMCO stock on TipRanks’ Stock Analysis page.