debt
confidence high
sentiment positive
materiality 0.60
Columbus McKinnon extends revolver maturity to 2028, eases leverage covenant
COLUMBUS MCKINNON CORP
- Revolving credit facility maturity extended from May 2026 to February 2028.
- Approved Restructuring Charges limit raised from $10M/year to $30M over 12 months.
- Material Acquisition EBITDA add-back increased from 15% to 20% of consolidated EBITDA.
- Leverage covenant triggered only when revolving loans exceed 30% of commitments (previously any outstanding).