Shares of Columbus McKinnon rose after the company repriced its existing $1.45 billion Term Loan B and $500 million revolving credit facility.

The stock rose 5.9% to $16.44 Tuesday. Shares are down 4.7% year to date.

The company said it amended its existing credit agreement from Feb. 3 to reduce the interest rate margin on both the revolver and the term loan by 50 basis points.

All other material provisions under the amended agreement, including the maturity dates, remain unchanged, the company said. The term loan is due Feb. 3, 2033.

Chief Financial Officer John Linker said he expects the debt repricing transaction to lower the company's annual cash interest expense by at least $7.3 million.

"Enabled by our integration progress and strong financial performance in early fiscal 2027, this repricing accelerates CMCO's value creation strategy by improving our ability to pay down debt, which continues to be our priority for capital allocation, and reflects increased confidence in cost synergy realization," Linker said.