---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-043263"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:20:27.013755+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Toro issues $200M of 5.27% Senior Notes due 2032 to repay term loan

## Summary
- Issued $200M principal of 5.27% Senior Notes due September 30, 2032.
- Proceeds used to fully repay $200M outstanding under Term Loan Credit Agreement and for general corporate purposes.
- Interest payable semiannually starting March 30, 2026; prepayable at 100% plus make-whole premium.
- Notes are senior unsecured obligations; customary covenants including max leverage ratio and most favored lender clause.
- Change-of-control put right at 100% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001628280-25-043263
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000162828025043263/0001628280-25-043263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000162828025043263/ttc-20250930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-043263
- JSON: https://secwatch.observer/filing/0001628280-25-043263.json
- Plain text: https://secwatch.observer/filing/0001628280-25-043263.txt

## Key facts
- Debt Financings
  TORO CO incurred senior notes of $200 million with the purchasers named in the 2025 Note Purchase Agreement at 5.27% maturing September 30, 2032.
  - Instrument: senior notes
  - Principal: $200 million
  - Counterparty: the purchasers named in the 2025 Note Purchase Agreement
  - Rate: 5.27%
  - Maturity: September 30, 2032
  - Event: incurrence
  source text: On September 30, 2025, The Toro Company (“TTC”) entered into a note purchase agreement (the “2025 Note Purchase Agreement”) with the purchasers named therein to which TTC agreed to issue and sell, and the purchasers agreed to purchase, an aggregate principal amount of $200 million of TTC’s 5.27% Senior Notes due September 30, 2032 (the “2025 Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000162828025043263/0001628280-25-043263-index.htm

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