Twin Disc, Inc. has entered into a new Credit Agreement dated June 30, 2026, replacing its previous credit agreement from February 14, 2025. The new agreement provides for Term Loans totaling $30 million, with a maturity date of June 30, 2031, and quarterly principal installments starting September 30, 2026. A Revolving Credit Commitment of up to $60 million is available until June 30, 2031, which includes a $5 million sublimit for Swing Loans and a $4 million sublimit for Letters of Credit. Interest rates are based on SOFR, EURIBO Rate, CORRA, or a Base Rate, with an Applicable Margin for loans ranging from 1.50% to 3.00% and for unused revolving credit commitments from 0.15% to 0.30%, depending on the Total Funded Debt to EBITDA ratio. The credit facility is secured by substantially all of the Company's and Kobelt Manufacturing Co. Ltd.'s personal property, including accounts receivable, inventory, machinery, equipment, and intellectual property, as well as 65% of certain foreign subsidiaries' equity interests.