Columbus McKinnon buys back $3 million of 10% notes in October

By Laura Lutz

Des Moines, Oct. 24 - Columbus McKinnon Corp. announced that it has repurchased $3 million of its 10% notes during October so far.

As of Oct. 24, $25.8 million of the notes remain outstanding.

The repurchases were part of the company's long-term plan to achieve a 30% ratio of debt to total capitalization. That ratio stood at 40.4% on Oct. 1.

Columbus McKinnon is an Amherst, N.Y.-based designer and manufacturer of material handling products.

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