---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-086820"
form_type: "8-K"
ticker: "TNC"
cik: "0000097134"
company_name: "TENNANT CO"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T12:03:28.253574+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tennant Company enters $650M senior secured credit facility due 2029

## Summary
- $650M revolving credit facility, expandable by $325M, matures August 7, 2029.
- Interest rates: Term SOFR+1.25%-2.00% or ABR+0.25%-1.00%, based on leverage ratio.
- Commitment fee on undrawn portion: 0.15%-0.30% annually based on leverage ratio.
- Covenants: max leverage 3.75x, min interest coverage 3.00x, restricted payment limit if leverage >2.50x.
- Facility is senior secured; collateral includes substantially all personal property and subsidiary stock.

## SEC filing metadata
- accession: 0001104659-24-086820
- form_type: 8-K
- ticker: TNC
- cik: 0000097134
- company_name: TENNANT CO
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97134/000110465924086820/0001104659-24-086820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97134/000110465924086820/tm2421061d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-086820
- JSON: https://secwatch.observer/filing/0001104659-24-086820.json
- Plain text: https://secwatch.observer/filing/0001104659-24-086820.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.