Amendment to Wholesale Floor Plan Credit Facility and Security Agreement between Titan Machinery, Inc. and CNH Capital America LLC

Summary

Titan Machinery, Inc. and CNH Capital America LLC have agreed to amend their existing Wholesale Floor Plan Credit Facility and Security Agreement. Effective October 31, 2012, the total credit limit available to Titan Machinery under this facility is set at $450,000,000. Both parties have confirmed and accepted this amendment in writing. The agreement outlines the updated financial terms between the two companies.

EX-10.1 2 a12-21226_1ex10d1.htm EX-10.1

Exhibit 10.1

 

November 20, 2012

 

Titan Machinery, Inc.
644 E. Beaton Dr.

West Fargo, ND 58078

 

Attn: Ted O. Christianson,

Vice President, Finance

via electronic mail

 

Re: Wholesale Floor Plan Credit Facility

 

Dear Mr. Christianson:

 

Titan Machinery, Inc. (“Titan”) and CNH Capital America LLC (“CNH”) are parties to an Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement dated November 13, 2007, as amended from time to time, most recently amended in a letter dated October 27, 2011 ( the “Agreement”). This letter will confirm that, effective October 31, 2012, the current total wholesale floor plan credit limit for Titan Machinery is $450,000,000.00.

 

Very truly yours,

 

CNH Capital America LLC

 

/s/ Nicholas Mast

 

Nicholas Mast, Director Strategic Accounts

 

 

Titan Machinery, Inc. agrees to the above described amendment to the Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement dated November 13, 2007, as amended.

 

Titan Machinery, Inc.

 

 

 

/s/ Ted O. Christianson

 

Ted O. Christianson, VP Finance and Treasurer