---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279790"
form_type: "8-K"
ticker: "THO"
cik: "0000730263"
company_name: "THOR INDUSTRIES INC"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:36:39.196275+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Thor Industries amends credit agreements, reduces term loan margin by 0.25% and extends maturities

## Summary
- Term Loan margin reduced 0.25%; ABR margin now 1.75%, Term Benchmark 2.75%; SOFR spread eliminated.
- Term loan maturity extended to Nov 15, 2030; ABL maturity extended to Nov 15, 2028 under ABL Amendment.
- Outstanding: $450M USD term loan and €330M Euro term loan; ABL commitments unchanged at $1.0B.
- Covenants and other material provisions of both credit agreements remain materially unchanged.

## SEC filing metadata
- accession: 0001193125-23-279790
- form_type: 8-K
- ticker: THO
- cik: 0000730263
- company_name: THOR INDUSTRIES INC
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/0001193125-23-279790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/d455216d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279790
- JSON: https://secwatch.observer/filing/0001193125-23-279790.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279790.txt

## Key facts
- Debt Financings
  THOR INDUSTRIES INC amended term loan of $450 million on the USD Term Loan and €330 million on the EURO Term Loan with JPMorgan Chase Bank, N.A., as administrative agent at applicable margin for ABR Loans is now 1.75% and for Term Benchmark Loans is 2.7 maturing November 15, 2030.
  - Instrument: term loan
  - Principal: $450 million on the USD Term Loan and €330 million on the EURO Term Loan
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: applicable margin for ABR Loans is now 1.75% and for Term Benchmark Loans is 2.7
  - Maturity: November 15, 2030
  - Event: amendment
  source text: material provisions of the Credit Agreement remain materially unchanged. As of November 15, 2023 the principal amounts outstanding under the Term Loan Credit Agreement were $450 million on the USD Term Loan (as defined in the Term Loan Credit Agreement) and €330 million on the EURO Term Loan (as defined in the Term Loan Credit Agreement). Also on November 15,
  evidence_url: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/0001193125-23-279790-index.htm
- Debt Financings
  THOR INDUSTRIES INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A., as administrative agent at applicable margin, covenants and other material provisions...remain materially u maturing November 15, 2028.
  - Instrument: revolving credit
  - Principal: $1.0 billion
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: applicable margin, covenants and other material provisions...remain materially u
  - Maturity: November 15, 2028
  - Event: amendment
  source text: modifications, the maturity date for the loans under the ABL Credit Agreement was extended until November 15, 2028. Total commitments under the ABL Credit Agreement remain at $1.0 billion. The applicable margin, covenants and other material provisions of the ABL Credit Agreement remain materially unchanged. The foregoing description of the Amendments does not
  evidence_url: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/0001193125-23-279790-index.htm
- Material Agreements
  THOR INDUSTRIES INC amended Amendment No. 3 to the Term Loan Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-11-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Effective: 2023-11-15
  source text: On November 15, 2023, Thor Industries, Inc. (the “Company”), certain subsidiaries of the Company, and JPMorgan Chase Bank, N.A., as administrative agent (“JPMorgan”), entered into an Amendment No. 3 to the Term Loan Credit Agreement (the “Term Loan Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/0001193125-23-279790-index.htm
- Material Agreements
  THOR INDUSTRIES INC amended ABL Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.0 billion (effective 2023-11-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $1.0 billion
  - Effective: 2023-11-15
  source text: Also on November 15, 2023, the Company amended its ABL Credit Agreement (the “ABL Amendment” and together with the Term Loan Amendment, the “Amendments”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/730263/000119312523279790/0001193125-23-279790-index.htm

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