---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-050239"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2021-10-06T23:59:59+00:00"
generated_at: "2026-06-28T22:45:16.948518+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Toro enters $600M revolver and $270M term loan, extends maturity to 2026

## Summary
- New $600M five-year unsecured revolving credit facility, maturing October 5, 2026.
- New $270M five-year unsecured term loan, fully funded at close, with quarterly amortization of $6.75M from Dec 2024.
- Prior $270M term loan and $3.1M in outstanding revolver letters of credit repaid and replaced.
- Interest based on LIBOR or prime plus spread depending on leverage ratio and debt rating.
- Facility includes $30M swingline sublimit and $10M letter-of-credit sublimit.

## SEC filing metadata
- accession: 0001564590-21-050239
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2021-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000156459021050239/0001564590-21-050239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000156459021050239/ttc-8k_20211005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-050239
- JSON: https://secwatch.observer/filing/0001564590-21-050239.json
- Plain text: https://secwatch.observer/filing/0001564590-21-050239.txt

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