{"schema_version":"secwatch.filing_event.v1","accession":"0001005229-24-000058","form_type":"8-K","ticker":"CMCO","cik":"0001005229","company_name":"COLUMBUS MCKINNON CORP","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.063454+00:00","generated_at":"2026-06-04T12:48:00.417821+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Columbus McKinnon reprices $497.6M Term Loan B, saving ~$2.5M annually","bullets":["Interest margin reduced 25 bps to SOFR+2.50% from SOFR+2.75% for Term Loan B.","Credit spread adjustment of 26 bps (3-month term SOFR) removed from the TLB.","Estimated annual cash interest savings of ~$2.5M; fees and expenses ~$1.1M.","Net leverage neutral repricing; maturity unchanged at May 14, 2028.","CFO Greg Rustowicz states repricing will be accretive to EPS in fiscal 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001005229-24-000058","json":"https://secwatch.observer/filing/0001005229-24-000058.json","markdown":"https://secwatch.observer/filing/0001005229-24-000058.md","text":"https://secwatch.observer/filing/0001005229-24-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005229/000100522924000058/0001005229-24-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005229/000100522924000058/cmco-20240318.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:48:00.417821+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88934392872e83e5feb3293a2003214442ec1142","claim":"COLUMBUS MCKINNON CORP amended term loan with JPMorgan Chase Bank, N.A., as administrative agent at 2.50% for term SOFR borrowings and 1.50% for base rate borrowings.","evidence_excerpt":"The Fourth Amendment reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreement (the “Term Loan B”) by 25 basis points for both term SOFR borrowings and base rate borrowings.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005229/000100522924000058/0001005229-24-000058-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"2.50% for term SOFR borrowings and 1.50% for base rate borrowings"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"da4cc8c9974d7665c8ed0e63ed71c3141ca3b254","claim":"COLUMBUS MCKINNON CORP amended Fourth Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto valued at reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreemen (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Columbus McKinnon Corporation (the “Company”) entered into a Fourth Amendment (the “Fourth 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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005229/000100522924000058/0001005229-24-000058-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto"},{"label":"Value","value":"reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreemen"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}