Titan Machinery ups credit facility to $500M, adds Australian borrower, extends maturity to 2029

Titan Machinery Inc.

New $500M secured facility: $395M floorplan + $105M revolver, replacing prior $350M facility.
Australian subsidiary J.J. O'Connor & Sons added as borrower; max Australian portion $100M.
Maturity extended to May 17, 2029; interest margins increased by 0.25% over prior facility.
Financial covenants only apply if excess availability drops below 15% of borrowing base.
Facility secured by substantially all assets of U.S. and Australian borrowers.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.