Columbus McKinnon Corporation announced on March 18, 2024, the company entered into a 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 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. After giving effect to the repricing, the applicable interest rate margins for the Term Loan B are 2.50% for term SOFR borrowings and 1.50% for base rate borrowings.

In addition, pursuant to the Fourth Amendment, the term SOFR credit spread adjustments, in respect of the Term Loan B, that were previously 0.11448% per annum for an interest period of one month, 0.26161% per annum for an interest period of three months, or 0.42826% per annum for an interest period of six months, were removed.