Twin Disc Secures New $90M Syndicated Credit Facility, Boosting Liquidity

summarizeSummary

Twin Disc secured a new $90 million syndicated credit facility, replacing its previous $65 million agreement and significantly increasing its financial flexibility.

check_boxKey Events · Financing and Capital Events · TWIN

• New Credit Facility Secured

  Twin Disc entered into a new Credit Agreement on June 30, 2026, for a $90 million syndicated facility, replacing a previous $65 million agreement from February 14, 2025.

• Increased Capital Availability

  The new facility includes a $30 million term loan and a $60 million revolving credit commitment, providing increased liquidity and financial flexibility.

• Maturity and Interest Rates

  Both the term loan and revolving credit mature on June 30, 2031. Interest rates are based on SOFR, EURIBO Rate, CORRA, or a Base Rate, plus an Applicable Margin ranging from 1.50% to 3.00%.

• Comprehensive Security

  The loans are secured by substantially all of the company's and its subsidiary Kobelt's personal property, including accounts receivable, inventory, machinery, equipment, intellectual property, and 65% of equity interests in certain foreign subsidiaries.

auto_awesomeAnalysis · TWIN · Technology

Twin Disc has refinanced its existing credit agreement, securing a new $90 million syndicated credit facility. This new agreement replaces the previous $65 million facility, significantly increasing the company's available capital. The facility includes a $30 million term loan and a $60 million revolving credit line, enhancing liquidity and providing greater financial flexibility for general working capital and other corporate purposes. The loans are secured by substantially all company assets and equity interests in certain foreign subsidiaries.