Columbus, Hillenbrand Leveraged Buyouts Reach Junk Bond Market

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By Gowri Gurumurthy

January 20, 2026 at 4:53 PM UTC

Columbus McKinnon Corp. and the buyer of Hillenbrand Inc. are tapping the junk-bond market to help fund leveraged buyouts.

Charlotte, North Carolina-based Columbus McKinnon, an equipment maker, is selling about $1.23 billion of seven-year senior secured notes to help fund its acquisition of Kito Crosby Ltd. from KKR & Co., according to a person with direct knowledge of the matter.