Columbus McKinnon amended revolver priced at Libor plus 250 bps

By Sara Rosenberg

New York, Jan. 14 - Columbus McKinnon Corp.'s amended $85 million revolving credit facility carries initial pricing of Libor plus 250 basis points with a 25 bps commitment fee, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Pricing on the revolver can range from Libor plus 200 bps to 325 bps, and the commitment fee can range from 17.5 bps to 50 bps based on leverage.

As was previously reported, the amendment upsized the revolver by $10 million from $75 million.

There is a $65 million accordion feature.

Bank of America is the administrative agent on the deal.

The amendment was completed on Jan. 8, but is dated as of Dec. 31.

Columbus McKinnon is an Amherst, N.Y.-based designer and manufacturer of material handling products.

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