Thor Industries (NYSE:THO) has announced significant amendments to its Term Loan Credit Agreement.

Effective July 1, 2024, the Amendment No. 4, negotiated with JPMorgan Chase Bank, reduces the interest rate margins.

Specifically, the margin for USD loans has been decreased by 0.50%, establishing new rates at 1.25% for ABR Loans and 2.25% for Term Benchmark Loans.

Additionally, the margin for Euro loans has been reduced by 0.25%, setting it at 2.75% for Term Benchmark Loans.

These adjustments affect the principal amounts outstanding under the agreement, which stand at $350 million and €304.175 million, respectively, marking a strategic financial improvement for Thor Industries.