Titan Machinery Announces Entry into New Amended and Restated Credit Agreement
Titan Machinery Inc. (TITN)
Last titan machinery inc. earnings: 3/26 06:45 am
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Source: GlobeNewswire
WEST FARGO, N.D., April 06, 2020 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a new five-year Amended and Restated Credit Agreement, maturing April 2025, arranged by Bank of America, with a syndicate of lenders consisting of Bank of America, Wells Fargo Bank, Regions Bank, BBVA USA, AgCountry Farm Credit Services, and Sterling National Bank. The new Amended and Restated Credit Agreement provides for an aggregate $250 million financing commitment by the lenders, consisting of an aggregate floorplan financing commitment of $185 million and an aggregate working capital commitment of $65 million. The floorplan facility may be used to advance up to 85% of the value of eligible new inventory and up to 75% of the value of eligible used inventory, which compares to the previous floorplan facility that allowed for an advance up to 70% of the value of both ne
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News
- Insider Stock Buying Reaches US$1.01m On Titan Machinery [Yahoo! Finance]Yahoo! Finance
- Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2024 Results on Tuesday, November 26, 2024GlobeNewswire
- Titan Machinery Inc.'s (NASDAQ:TITN) Intrinsic Value Is Potentially 36% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Titan Machinery Inc. (NASDAQ: TITN) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $25.00 price target on the stock.MarketBeat
- Titan Machinery Inc. (NASDAQ: TITN) had its price target lowered by analysts at B. Riley from $20.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
TITN
Earnings
- 8/29/24 - Beat
TITN
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/8/24 - Form SC
- 10/31/24 - Form SC
- TITN's page on the SEC website