Columbus McKinnon (NASDAQ: CMCO) repriced approximately $1.95 billion in debt facilities, reducing the interest rate spread by 50 basis points on each instrument.
The transaction encompasses a $1,453 million Term Loan B and a $500 million revolving credit facility. Under the amended terms, the Term Loan B now carries a rate of SOFR plus 3.00% per annum. The pricing adjustment applies equally to both facilities, which were originally established under a credit agreement dated February 3, 2026.
The company expects the repricing to yield annual cash interest expense reductions of at least $7.3 million. The maturity of the Term Loan B remains unchanged at February 3, 2033.
John Linker, executive vice president and chief financial officer, said the transaction was "enabled by our integration progress and strong financial performance in early fiscal 2027."
Columbus McKinnon designs and manufactures intelligent motion solutions for material handling. Its product portfolio includes lifting hardware and consumables, hoists and cranes, precision conveyance systems, automation equipment, and linear motion products. The company is headquartered in Charlotte, N.C.
