{"schema_version":"secwatch.filing_event.v1","accession":"0000737758-24-000050","form_type":"8-K","ticker":"TTC","cik":"0000737758","company_name":"TORO CO","filed_at":"2024-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.949026+00:00","generated_at":"2026-05-30T21:53:42.018529+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Toro enters $1.1B credit agreement: $200M term loan funded, $900M revolver","bullets":["Five-year unsecured facilities: $200M term loan (fully funded Oct 2, 2024) and $900M revolving credit facility.","Revolver includes $10M L/C sublimit and $75M swingline sublimit; may be increased by up to $450M.","Replaces prior $270M term loan and $600M revolver under the 2021 credit agreement; ~$17.7M revolver outstanding at closing.","Quarterly amortization of term loan begins Dec 31, 2027 ($5M per quarter); final maturity Oct 31, 2029.","Proceeds for working capital, capex, stock buybacks, and refinancing of existing debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000737758-24-000050","json":"https://secwatch.observer/filing/0000737758-24-000050.json","markdown":"https://secwatch.observer/filing/0000737758-24-000050.md","text":"https://secwatch.observer/filing/0000737758-24-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737758/000073775824000050/0000737758-24-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737758/000073775824000050/ttc-20241002.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T21:53:42.018529+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}