secwatch.observer — SEC 8-K summary
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Issuer:     TORO CO (TTC)
CIK:        0000737758
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001628280-25-043263
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737758/000162828025043263/0001628280-25-043263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737758/000162828025043263/ttc-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-043263

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