{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-024615","form_type":"8-K","ticker":"TTC","cik":"0000737758","company_name":"TORO CO","filed_at":"2022-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.533985+00:00","generated_at":"2026-06-24T22:12:51.863039+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Toro issues $100M of 3.97% senior notes due 2032; amends 2019 note agreement","bullets":["Issued $100M aggregate principal of 3.97% Senior Notes due June 30, 2032 in a private placement.","Proceeds will be used to repay indebtedness originally incurred under its revolving credit facility.","Amended 2019 note purchase agreement: removed minimum interest coverage ratio, added most favored lender covenant.","Amendment also excludes certain pending-transaction indebtedness from the maximum leverage ratio calculation.","Leverage ratio covenant set at 3.50x; incremental leverage fee of 0.50% per annum applies if exceeded."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-024615","json":"https://secwatch.observer/filing/0001140361-22-024615.json","markdown":"https://secwatch.observer/filing/0001140361-22-024615.md","text":"https://secwatch.observer/filing/0001140361-22-024615.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737758/000114036122024615/0001140361-22-024615-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737758/000114036122024615/brhc10039279_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T22:12:51.863039+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"}