Financing ·
Twin Disc, Incorporated entered into a $30,000,000 term loan agreement with Bank of Montreal and JPMorgan Chase Bank…
TWINTwin Disc Inc
Twin Disc, Incorporated entered into a $30,000,000 term loan agreement with Bank of Montreal and JPMorgan Chase Bank, N.A. on June 30, 2026, which refinances and replaces a previous credit agreement from 2025. The agreement includes a $60,000,000 revolving credit commitment, a $375,000 minimum quarterly principal installment, increasing to $750,000 per quarter by September 30, 3030. The loans are secured by substantially all of the company's and Kobelt Manufacturing Co. Ltd.'s personal property, including accounts receivable, inventory, and intellectual property. Twin Disc, Incorporated is a manufacturer of power transmission components for high-performance applications in industrial and marine environments.