[8-K] COLUMBUS MCKINNON CORP Reports Material Event

Rhea-AI Filing Summary

Columbus McKinnon Corporation entered into a Fifth Amendment to its Amended and Restated Credit Agreement that changes the company’s revolving credit terms and covenant calculations. The amendment extends the maturity of the Revolving Credit Facility from May 14, 2026 to February 13, 2028. It revises the Total Leverage Ratio calculation by increasing the allowable Approved Restructuring Charges from $10.0 million in any single fiscal year to $30.0 million during any twelve-month period and by raising the cap on charges for Material Acquisitions from 15% to 20% of Consolidated EBITDA. The amendment also changes the covenant trigger: compliance with the Leverage Covenant is now required only if revolving loans outstanding exceed 30.0% of the Revolving Commitments on the last day of a fiscal quarter. The amendment is filed as Exhibit 10.1 to the report.

Positive

• Revolver maturity extended from May 14, 2026 to February 13, 2028
• Higher Approved Restructuring Charges allowance increased from $10.0 million (single fiscal year) to $30.0 million (any 12-month period)
• Material Acquisition cap increased from 15% to 20% of Consolidated EBITDA for covenant calculations
• Leverage covenant applies less frequently — now triggered only if revolver borrowings exceed 30.0% of Revolving Commitments on quarter-end

Negative

• None.

Insights

Syndicated Loans / Debt Analyst

TL;DR: The amendment extends maturity and materially relaxes leverage covenant mechanics, giving the company more near-term covenant flexibility.

The Fifth Amendment extends the revolver maturity to February 13, 2028, and adjusts key covenant inputs. Increasing the Approved Restructuring Charges allowance to $30.0 million over a twelve-month period and raising the Material Acquisition cap to 20% of Consolidated EBITDA effectively increases permitted one-time adjustments when calculating Total Leverage Ratio. Moving the covenant trigger to require compliance only when revolver usage exceeds 30.0% of commitments narrows the scenarios when the Leverage Covenant applies. These changes are explicit and materially alter covenant measurement and applicability; they reduce the frequency of covenant testing tied to minimal revolver usage and expand permitted adjustments.

Corporate Governance / Credit Counsel

TL;DR: Contractual amendments provide clearer, looser thresholds for covenant application and broaden permitted EBITDA adjustments.

The amendment’s concrete changes—maturity extension and specific numeric increases to restructuring and acquisition charge caps—are straightforward contractual modifications. By defining a 30.0% usage threshold for covenant applicability and specifying dollar and percentage limits, the amendment formalizes governance of financial covenant calculation. The document filed as Exhibit 10.1 should be reviewed for full legal language and any related representations or waivers, since the summary here is qualified by that exhibit.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 23, 2025

COLUMBUS McKINNON CORPORATION

(Exact name of registrant as specified in its charter)

New York

(State or other jurisdiction of incorporation)

001-34362						16-0547600
(Commission File Number)						(IRS Employer Identification No.)

13320 Ballantyne Corporate Place, Suite D			Charlotte			NC			28277
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number including area code: (716) 689-5400

_________________________________________________

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.01 par value per share			CMCO			Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging Growth Company

If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On September 23, 2025, Columbus McKinnon Corporation (the “Company”) entered into the Fifth Amendment (the “Fifth 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”).

Among other changes, the Fifth Amendment (i) extends the maturity date for the revolving credit facility under the Credit Agreement (the “Revolving Credit Facility”) from May 14, 2026 to February 13, 2028, (ii) amends the formula used to calculate Total Leverage Ratio (as defined in the Credit Agreement) for purposes of determining compliance by the Company with the leverage ratio financial covenant under the Credit Agreement (the “Leverage Covenant”) by (a) changing the limit on Approved Restructuring Charges (as defined in the Credit Agreement) from $10.0 million in any single fiscal year to $30.0 million during any twelve-month period and (b) revising the limit on charges for Material Acquisitions (as defined in the Credit Agreement) from 15% of Consolidated EBITDA (as defined in the Credit Agreement) to 20% of Consolidated EBITDA, and (iii) changes the triggering event to require compliance with the Leverage Covenant from the prior trigger that required compliance if any revolving loans were outstanding under the Revolving Credit Facility to a revised trigger that now requires compliance only if revolving loans exceeding 30.0% of the Revolving Commitments (as defined in the Credit Agreement) under the Revolving Credit Facility are outstanding on the last day of any fiscal quarter.

The foregoing description of the Fifth Amendment is not complete and is qualified in its entirety by reference to the Fifth Amendment, which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.

EXHIBIT NUMBER						DESCRIPTION
10.1						Fifth Amendment, dated as of September 23, 2025, by and among Columbus McKinnon Corporation, Columbus McKinnon EMEA GmbH, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and lender.
104						Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

COLUMBUS McKINNON CORPORATION
By:			/s/ Gregory P. Rustowicz
Name:			Gregory P. Rustowicz
Title:			Executive Vice President - Finance and Chief Financial Officer
			(Principal Financial Officer)

Dated: September 24, 2025

FAQ

What key change to the revolver maturity did Columbus McKinnon (CMCO) make?

The Fifth Amendment extends the Revolving Credit Facility maturity from May 14, 2026 to February 13, 2028.

How did the amendment change the limit on Approved Restructuring Charges?

The limit was changed from $10.0 million in any single fiscal year to $30.0 million during any twelve-month period.

What is the new cap on charges for Material Acquisitions used in the leverage calculation?

The cap for Material Acquisitions was revised from 15% of Consolidated EBITDA to 20% of Consolidated EBITDA.

When is the Leverage Covenant now required to be tested under the amendment?

Compliance with the Leverage Covenant is required only if revolving loans outstanding exceed 30.0% of the Revolving Commitments on the last day of any fiscal quarter.

Where can investors find the complete language of the Fifth Amendment?

The full Fifth Amendment is included as Exhibit 10.1 to the Current Report cited in the filing and is incorporated by reference.