---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-010504"
form_type: "8-K"
ticker: "TWIN"
cik: "0000100378"
company_name: "TWIN DISC INC"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:15:27.853332+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Twin Disc amends credit facility: revolver raised to $45M, maturity extended to 2027

## Summary
- Revolver commitment increased from $40M to $45M; borrowing base inventory component raised to lesser of $35M and 60% of eligible inventory (phasing down).
- Maturity extended to April 1, 2027 (from June 30, 2025); term loan maturity also extended to April 1, 2027.
- Applicable margins increased: revolver/LC margins now 2%-3.5% (previously 1.25%-2.75%); term loan margins 2.125%-3.625%.
- Restricted payments (dividends/stock buybacks) cap raised from $3M to $5M per fiscal year.
- Additional capacity intended to finance the pending acquisition of Katsa Oy.

## SEC filing metadata
- accession: 0001437749-24-010504
- form_type: 8-K
- ticker: TWIN
- cik: 0000100378
- company_name: TWIN DISC INC
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100378/000143774924010504/0001437749-24-010504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100378/000143774924010504/twin20240401_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010504
- JSON: https://secwatch.observer/filing/0001437749-24-010504.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010504.txt

## Key facts
- Material Agreements
  TWIN DISC INC amended Amendment No. 10 to Credit Agreement with BMO Harris Bank, N.A. valued at $40,000,000 to $45,000,000 (effective 2024-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BMO Harris Bank, N.A.
  - Value: $40,000,000 to $45,000,000
  - Effective: 2024-04-01
  source text: On April 1, 2024, Twin Disc, Incorporated (the “Company”) entered into Amendment No. 10 to Credit Agreement (the “Tenth Amendment”) that amends and extends the Credit Agreement dated as of June 29, 2018, as amended (the “Credit Agreement”) between the Company and BMO Harris Bank, N.A. (the “Bank”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/100378/000143774924010504/0001437749-24-010504-index.htm

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