Columbus McKinnon, Maclean Power Launch M&A Financings (2)

Columbus McKinnon Corp.’s $1.33 billion leveraged-loan sale to fund an acquisition adds to a flurry of M&A-related activity hitting the junk-rated debt market, where one of the biggest such deals in the past decade priced on Wednesday.

Banks led by JPMorgan Chase & Co. on Wednesday launched the anticipated transaction for Columbus, which nearly a year ago agreed to buy Kito Crosby from KKR & Co. and is expected to close this quarter. Initial price talk was unveiled Thursday, ahead of a bank call, with the loan offered 3.5 percentage points above benchmark and at a discounted price of ...