December 6, 2023 Titan Machinery, Inc.
EXHIBIT 10.4
December 6, 2023
Titan Machinery, Inc.
000 X Xxxxxx Xx.
West Fargo, ND 58078
Attn: Xx Xxxxxx
Chief Financial Officer
via electronic mail
Re: Wholesale Floor Plan Credit Facilities
Dear Xx. Xxxxxx,
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 (X.X. X’Xxxxxx & 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 X.X. X’Xxxxxxx 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/ Xxxx Xxxxxxx | |||||
| Xxxx Xxxxxxx | |||||
| Director of Commercial Lending | |||||
Titan acknowledges and agrees to the above referenced credit facilities.
/s/ Xx Xxxxxx | |||||
Xx Xxxxxx | |||||
Chief Financial Officer, Titan Machinery Inc. | |||||
Director, X.X. X’Xxxxxx & Sons Pty Ltd | |||||
CNH Industrial Capital America LLC
0000 Xxxxxxxxxx Xxx
Racine WI 53406
