Amendment to Wholesale Floor Plan Credit Facilities Agreement between Titan Machinery Inc. and CNH Industrial Capital America LLC
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Summary
Titan Machinery Inc. and CNH Industrial Capital America LLC have agreed to increase the total credit limit under their existing Wholesale Floor Plan Credit Facility to $640 million. Additionally, the credit limit for Titan's Australian subsidiary, J.J. O’Connor & Sons Pty Ltd, under a separate Inventory Finance Agreement with CNH Industrial Capital Australia Pty Limited, has been raised to $140 million. These changes are effective immediately and are subject to the terms of the original agreements.
EX-10.4 5 a104titanmachineryuswholes.htm EX-10.4 Document

EXHIBIT 10.4
December 6, 2023
Titan Machinery, Inc.
644 E Beaton Dr.
West Fargo, ND 58078
Attn: Bo Larsen
Chief Financial Officer
via electronic mail
Re: Wholesale Floor Plan Credit Facilities
Dear Mr. Larsen,
Titan Machinery Inc. (“Titan”) and CNH Industrial Capital America LLC (“CNHI”) are parties to that Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement dated November 13, 2007, as amended from time to time (the “Agreement”). This letter will confirm that, effective as of the date hereof, the total wholesale floor plan credit limit for Titan under the Agreement has been increased to US$640,000,000.00 in accordance with the terms and conditions therein.
Titan’s second tier wholly owned Australian subsidiary (J.J. O’Connor & Sons Pty Ltd) and CNH Industrial Capital Australia Pty Limited are parties to that Inventory Finance Agreement dated December 17, 2018, as amended from time to time (the “Australian Facility”). This letter will confirm that, effective as of the date hereof, the total wholesale floor plan credit limit for J.J. O’Connors under the Australian Facility has been increased to US$140,000,000 in accordance with the terms and conditions therein.
Best Regards,
CNH Industrial Capital America LLC
/s/ Jeff Schmidt | |||||
Jeff Schmidt | |||||
Director of Commercial Lending |
Titan acknowledges and agrees to the above referenced credit facilities.
Titan Machinery Inc.
/s/ Bo Larsen | |||||
Bo Larsen | |||||
Chief Financial Officer, Titan Machinery Inc. | |||||
Director, J.J. O’Connor & Sons Pty Ltd |
CNH Industrial Capital America LLC
5729 Washington Ave
Racine WI 53406