Columbus McKinnon Corporation (CMCO) announced on September 21, 2026, that it has amended its existing credit agreement. The amendment, executed by the Company, Columbus McKinnon EMEA GmbH, and certain subsidiary guarantors, applies to the Senior Credit Facilities established on February 3, 2026.
The transaction involved the refinancing of the $1,452.9 million Term Loan B Facility. This loan was replaced with new Tranche B Term Loans. Simultaneously, the company repriced its $500 million Revolving Credit Facility. The amendment reduced the applicable interest rate margin for both facilities by 50 basis points (0.50%).
Following the amendment, the Term Loan B Facility carries an interest rate of SOFR plus 3.00% per annum. The Revolving Facility’s interest rate is determined by a base rate or term SOFR, with margins ranging from 1.75% to 2.75% based on the Company’s Consolidated Total Leverage Ratio.
The company also added J.P. Morgan SE as an administrative agent for the German Borrower and other EEA Agented Borrowers. All other material provisions, including the maturity dates, remain unchanged.
John Linker, Executive Vice President and Chief Financial Officer, stated that the repricing is expected to reduce annual cash interest expense by at least $7.3 million. The company noted that this reduction is enabled by progress in integration and strong financial performance in early fiscal 2027.
