{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-004129","form_type":"8-K","ticker":"TWIN","cik":"0000100378","company_name":"TWIN DISC INC","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.648595+00:00","generated_at":"2026-05-26T13:07:39.853365+00:00","sec_items":["1.01","8.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Twin Disc closes $16.5M acquisition of Kobelt, secures $65M credit facility","bullets":["Acquired Kobelt Manufacturing for CAD $23.4M (USD $16.5M); paid CAD $23,397,932 at closing.","Kobelt generated ~$14M revenue in 2024; acquisition expected to be immediately accretive to GAAP earnings.","New $15M term loan (maturity Apr 2027) and $50M revolver with Bank of Montreal; refinances prior credit agreement.","Dividend capped at $5M per fiscal year under new credit agreement; borrowing base includes Kobelt receivables/inventory.","Kobelt adds brake, control, steering systems for marine/industrial; combined global sales and service team to expand reach."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-004129","json":"https://secwatch.observer/filing/0001437749-25-004129.json","markdown":"https://secwatch.observer/filing/0001437749-25-004129.md","text":"https://secwatch.observer/filing/0001437749-25-004129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100378/000143774925004129/0001437749-25-004129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100378/000143774925004129/twin20250213_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T13:07:39.853365+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}