---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-299501"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T09:22:24.199544+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Timken enters into $1.15B credit facilities, refinances $312.8M term loan

## Summary
- $400M unsecured term loan and $750M unsecured revolving credit facility, both maturing Dec 5, 2027.
- Proceeds used to repay $312.8M outstanding principal under prior term loan due 2023 and for general corporate purposes.
- Interest rates tied to debt rating grid; initial pricing at BBB/Baa2 level (Level 3).
- Credit agreement is unsecured and amends/restates prior 2019 revolving credit agreement.
- Covenants include maintaining consolidated leverage and interest coverage ratios per agreed limits.

## SEC filing metadata
- accession: 0001193125-22-299501
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/d377745d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-299501
- JSON: https://secwatch.observer/filing/0001193125-22-299501.json
- Plain text: https://secwatch.observer/filing/0001193125-22-299501.txt

## Key facts
- Debt Financings
  TIMKEN CO incurred term loan of $400 million with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents maturing December 5, 2027.
  - Instrument: term loan
  - Principal: $400 million
  - Counterparty: Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents
  - Maturity: December 5, 2027
  - Event: incurrence
  source text: The Credit Agreement provides for a $400 million unsecured term loan facility and a $750 million unsecured revolving credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm
- Debt Financings
  TIMKEN CO incurred revolving credit of $750 million with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents maturing December 5, 2027.
  - Instrument: revolving credit
  - Principal: $750 million
  - Counterparty: Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents
  - Maturity: December 5, 2027
  - Event: incurrence
  source text: The Credit Agreement provides for a $400 million unsecured term loan facility and a $750 million unsecured revolving credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm
- Material Agreements
  TIMKEN CO amended Fifth Amended and Restated Credit Agreement with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto valued at $750 million (effective 2022-12-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto
  - Value: $750 million
  - Effective: 2022-12-05
  source text: On December 5, 2022, The Timken Company (the “ Company ”) entered into a Fifth Amended and Restated Credit Agreement (the “ Credit Agreement ”) with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto (collectively, the “ Lenders ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm

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