Loan & DebtJul 6, 2026, 04:37 PM
Twin Disc Secures New $30M Term Loan, $60M Revolving Credit
AI Summary
Twin Disc, Incorporated entered into a new Credit Agreement on June 30, 2026, refinancing its previous agreement. The new agreement provides $30,000,000 in Term Loans, maturing on June 30, 2031, with quarterly principal installments starting at $375,000. Additionally, the company secured a Revolving Credit Commitment of up to $60,000,000, also terminating on June 30, 2031. The loans are secured by company assets and bear interest rates based on various benchmarks.
Key Highlights
- Twin Disc entered a new Credit Agreement on June 30, 2026.
- Refinances previous credit agreement dated February 14, 2025.
- Secured $30,000,000 in Term Loans maturing June 30, 2031.
- Term Loan principal installments start at $375,000 quarterly.
- Obtained a $60,000,000 Revolving Credit Commitment until June 30, 2031.
- Interest rates are variable, based on SOFR, EURIBO, CORRA, or Base Rate.
- Loans are secured by substantially all company and Kobelt personal property.
Price Impact
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