Columbus McKinnon Corporation (Nasdaq: CMCO) completed a repricing of its $1,453 million Term Loan B and $500 million Revolving Credit Facility on September 21, 2026, according to a press release.

The amendment to the company's existing credit agreement reduced the applicable interest rate margin on both facilities by 50 basis points. The Term Loan B, which matures on February 3, 2033, now carries an interest rate of SOFR plus 3.00% per annum. All other material terms, including maturity dates, remain unchanged.

The repricing is expected to reduce annual cash interest expense by at least $7.3 million, according to the company.

"I am very pleased with the successful debt repricing transaction, which is expected to reduce annual cash interest expense by at least $7.3 million," said John Linker, Executive Vice President and Chief Financial Officer. "Enabled by our integration progress and strong financial performance in early fiscal 2027, this repricing accelerates CMCO's value creation strategy by improving our ability to pay down debt, which continues to be our priority for capital allocation, and reflects increased confidence in cost synergy realization."