---
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"
generated_at: "2026-05-26T13:07:39.853365+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Twin Disc closes $16.5M acquisition of Kobelt, secures $65M credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-004129
- JSON: https://secwatch.observer/filing/0001437749-25-004129.json
- Plain text: https://secwatch.observer/filing/0001437749-25-004129.txt

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