---
schema_version: "secwatch.filing_event.v1"
accession: "0001409171-24-000043"
form_type: "8-K"
ticker: "TITN"
cik: "0001409171"
company_name: "Titan Machinery Inc."
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:07:54.744710+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001409171-24-000043
- form_type: 8-K
- ticker: TITN
- cik: 0001409171
- company_name: Titan Machinery Inc.
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409171/000140917124000043/0001409171-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409171/000140917124000043/titn-20240517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409171-24-000043
- JSON: https://secwatch.observer/filing/0001409171-24-000043.json
- Plain text: https://secwatch.observer/filing/0001409171-24-000043.txt

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