Columbus McKinnon Re-Prices Term Loan

AMHERST, N.Y.–(BUSINESS WIRE)–Columbus
McKinnon Corporation (NASDAQ: CMCO), a leading designer,
manufacturer and marketer of motion control products, technologies and
services for material handling, today announced that it successfully
completed the re-pricing of its First Lien Term Loan reducing the
interest rate by 50 basis points to LIBOR plus 2.5% from LIBOR plus
3.0%. The outstanding principal balance of $390.5 million was re-priced
at par value with six months of 101 soft call protection. No other
changes in terms and conditions were made. The First Lien Term Loan has
a stated maturity date of January 31, 2024. Fees and expenses related to
the re-pricing were approximately $600,000.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and
marketer of motion control products, technologies, systems and services
that efficiently and ergonomically move, lift, position and secure
materials. Key products include hoists, cranes, actuators, rigging
tools, light rail work stations and digital power and motion control
systems. The Company is focused on commercial and industrial
applications that require the safety and quality provided by its
superior design and engineering know-how. Comprehensive information on
Columbus McKinnon is available at http://www.cmworks.com.

Safe Harbor Statement

This news release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, statements concerning future
revenue and earnings, involve known and unknown risks, uncertainties and
other factors that could cause the actual results of the Company to
differ materially from the results expressed or implied by such
statements, including general economic and business conditions,
conditions affecting the industries served by the Company and its
subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and services,
the overall market acceptance of such products and services, the effect
of operating leverage, the pace of bookings relative to shipments, the
ability to expand into new markets and geographic regions, the success
in acquiring new business, the speed at which shipments improve, and
other factors disclosed in the Company's periodic reports filed with the
Securities and Exchange Commission. The Company assumes no obligation to
update the forward-looking information contained in this release.

Contacts

Columbus McKinnon Corporation
Gregory P. Rustowicz, 716-689-5442
Vice
President – Finance and Chief Financial Officer
[email protected]
or
Investor
Relations:
Kei Advisors LLC
Deborah K. Pawlowski,
716-843-3908
[email protected]