Columbus McKinnon Corporation filed a current report on Form 8-K on September 22, 2026, disclosing that it entered into a First Amendment to its Credit Agreement on September 21, 2026, refinancing its Term Loan B Facility and reducing the applicable interest rate margin on both that facility and its Revolving Facility.

Key Highlights

  • Term Loan B refinanced: Tranche B Term Loans were issued in an aggregate principal amount of $1,452.9 million.
  • Rate margin reduced: The applicable interest rate margin on the Term Loan B Facility was reduced by 0.50% per annum.
  • Revolving Facility also repriced: The applicable interest rate margin on the Revolving Facility was similarly reduced by 0.50% per annum.
  • New SOFR margin: For term SOFR loans under the Term Loan B Facility, the applicable margin is 3.00% following the amendment.
  • Revolving margin range: Dollar-denominated term SOFR loans under the Revolving Facility carry a margin ranging from 1.75% to 2.75% based on the company's Consolidated Total Leverage Ratio.
  • New administrative agent added: J.P. Morgan SE was added as administrative agent for the German Borrower and any other EEA Agented Borrower.

Columbus McKinnon Amends Credit Agreement to Lower Borrowing Costs

According to the filing, Columbus McKinnon Corporation, together with Columbus McKinnon EMEA GmbH (the "German Borrower") and certain subsidiary guarantors, entered into the First Amendment to its Credit Agreement dated February 3, 2026, with lenders and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent. The amendment became effective September 21, 2026. The company disclosed that the existing term loans under the Term Loan B Facility were refinanced with Tranche B Term Loans totaling $1,452.9 million in aggregate principal, with the interest rate margin cut by 0.50% per annum.

The filing noted that existing term lenders were offered the option to participate via a cashless conversion of their existing loans into a like principal amount of Tranche B Term Loans, or to have their loans prepaid from proceeds funded by new and existing lenders. Following the amendment, the Senior Credit Facilities bear interest based on either a term SOFR rate or a base rate plus an applicable margin, as the company disclosed. The Term Loan B term SOFR margin is set at 3.00%, while the Revolving Facility's dollar-denominated term SOFR margin ranges from 1.75% to 2.75% depending on the company's Consolidated Total Leverage Ratio.

The filing also stated that J.P. Morgan SE was added as administrative agent with respect to the German Borrower and any other EEA Agented Borrower. The company indicated that "no other material changes were made to the terms of the Term Loan B Facility, the Revolving Facility or the Existing Credit Agreement." On September 22, 2026, the company issued a press release announcing the closing of the repricing transaction, filed as Exhibit 99.1. The filing was signed by John R. Linker, Executive Vice President and Chief Financial Officer, on September 22, 2026. Columbus McKinnon's common stock trades on NASDAQ:CMCO.

What Was Disclosed

Columbus McKinnon disclosed a First Amendment to its Credit Agreement, refinancing $1,452.9 million in Term Loan B debt and reducing the applicable interest rate margin by 0.50% per annum on both the Term Loan B Facility and the Revolving Facility, effective September 21, 2026.