---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-016358"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:41:42.641174+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Toro enters $200M term loan to refinance acquisition debt

## Summary
- $200M unsecured term loan credit agreement dated April 27, 2022.
- Proceeds refinance borrowings from Intimidator Group acquisition (Jan 13, 2022).
- Interest rate based on Term SOFR or Base Rate plus Applicable Rate tied to leverage and debt rating.
- Five-year term; quarterly amortization begins June 2025.
- Joint lead arrangers: Wells Fargo, BofA Securities, U.S. Bank.

## SEC filing metadata
- accession: 0001140361-22-016358
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000114036122016358/0001140361-22-016358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000114036122016358/brhc10036785_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-016358
- JSON: https://secwatch.observer/filing/0001140361-22-016358.json
- Plain text: https://secwatch.observer/filing/0001140361-22-016358.txt

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