---
schema_version: "secwatch.filing_event.v1"
accession: "0001005229-23-000173"
form_type: "8-K"
ticker: "CMCO"
cik: "0001005229"
company_name: "COLUMBUS MCKINNON CORP"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:45:11.534173+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Columbus McKinnon completes refinancing: $75M Term Loan B add-on and $55M receivables facility

## Summary
- Added $75M Incremental Term Loan B; total Term Loan B now ~$537.6M, matures May 2028.
- New $55M accounts receivable securitization facility (1-mo SOFR + 1.20%) matures June 19, 2026.
- Proceeds plus $45M draw from receivables facility used to repay revolver debt from montratec acquisition.
- CFO states refinancing reduces cost of debt and eliminates financial covenant testing under credit agreement.

## SEC filing metadata
- accession: 0001005229-23-000173
- form_type: 8-K
- ticker: CMCO
- cik: 0001005229
- company_name: COLUMBUS MCKINNON CORP
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005229/000100522923000173/0001005229-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005229/000100522923000173/cmco-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001005229-23-000173
- JSON: https://secwatch.observer/filing/0001005229-23-000173.json
- Plain text: https://secwatch.observer/filing/0001005229-23-000173.txt

## Key facts
- Debt Financings
  COLUMBUS MCKINNON CORP entered an off-balance-sheet arrangement for debt of up to a maximum principal amount of $55.0 million with Wells Fargo Bank, National Association at a floating rate initially equal to a one-month secured overnight funding rate (S maturing June 19, 2026.
  - Principal: up to a maximum principal amount of $55.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: a floating rate initially equal to a one-month secured overnight funding rate (S
  - Maturity: June 19, 2026
  - Event: off balance sheet
  source text: party thereto. The Facility Credit Agreement provides for revolving loans (the “ Loans ”) to be made from time to time to the SPV Borrower up to a maximum principal amount of $55.0 million. Under the Facility Credit Agreement, the Loans bear interest at a floating rate initially equal to a one-month secured overnight funding rate (SOFR) plus 10 basis points of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005229/000100522923000173/0001005229-23-000173-index.htm
- Material Agreements
  COLUMBUS MCKINNON CORP entered into Third Amendment to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $75,000,000 (effective 2023-06-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $75,000,000
  - Effective: 2023-06-26
  source text: Third Amendment to the Credit Agreement On June 26, 2023, the Company entered into the Third Amendment (the “ Third Amendment ”) to the Amended and Restated Credit Agreement, dated as of May 14, 2021, by and among the Company, Columbus McKinnon EMEA GmbH, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto, as amended (the “ Credit Agreement ”) pursuant to which the Company incurred an additional $75.0 million in aggregate principal amount of term loan B (the “ Incremental Term Loan B ”) as an add-on to the existing term loan B facility under the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005229/000100522923000173/0001005229-23-000173-index.htm
- Material Agreements
  COLUMBUS MCKINNON CORP entered into Credit and Security Agreement with Wells Fargo Bank, National Association valued at $55,000,000 (effective 2023-06-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $55,000,000
  - Effective: 2023-06-20
  source text: Entry into Receivables Facility Credit Agreement and Receivables Sale Agreement On June 20, 2023, Columbus McKinnon Corporation (the “ Company ”) and certain of its subsidiaries entered into an accounts receivable securitization transaction (the “ Transaction ”) with respect to certain indebtedness and other obligations owed to subsidiaries of the Company arising from the sale of goods or provision of services by these subsidiaries (the “ Receivables ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005229/000100522923000173/0001005229-23-000173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.