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IDT Corp (NYSE: IDT) reshapes TD Bank credit line for peak months

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

IDT Corporation, through its subsidiary IDT Telecom, Inc., amended its revolving credit agreement with TD Bank, N.A. The amendment increases the amount of revolving credit available to IDT Telecom to $50.0 million during the months of May and December each year and maintains availability of $25.0 million during all other months. The maturity date of the revolving credit facility, previously scheduled to end on August 16, 2026, is extended to July 15, 2029. The amendment also adds National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services of New York, LLC as additional corporate guarantors. The facility remains secured by all assets of IDT Telecom, IDT Corporation and several affiliated entities, with all other material terms unchanged.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Peak revolver capacity $50.0 million Revolving credit available during May and December of each calendar year
Base revolver capacity $25.0 million Revolving credit available during all months other than May and December
New maturity date July 15, 2029 Extended maturity of the revolving credit facility
Prior maturity date August 16, 2026 Original scheduled maturity before the amendment
Amendment date August 11, 2026 Date of the Fourth Amendment to the Second Amended and Restated Credit Agreement
revolving credit facility financial
"amends the revolving credit facility that was scheduled to mature"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
corporate guarantors financial
"adds National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services"
maturity date financial
"extends the maturity date of the revolving credit facility to July 15, 2029"
The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.
secured by all of the assets financial
"The credit facility is secured by all of the assets of IDT Telecom"
Inline XRBL technical
"Cover Page Interactive Data File, formatted in Inline XRBL document"

FAQ

What change did IDT (IDT) make to its revolving credit facility?
IDT, through IDT Telecom, amended its revolving credit facility with TD Bank to extend the maturity to July 15, 2029 and adjust borrowing capacity seasonally. This keeps the existing structure but provides longer-term committed financing and modified availability limits.

How much revolving credit is now available to IDT (IDT) under the amended agreement?
Under the amendment, IDT Telecom may borrow up to $50.0 million during May and December and $25.0 million during all other months. This creates higher peak seasonal borrowing capacity while preserving the prior level for the rest of the year.

When does IDT’s (IDT) amended revolving credit facility mature?
The revolving credit facility now matures on July 15, 2029, extended from a prior maturity date of August 16, 2026. This lengthens the term of the committed facility by nearly three years, providing longer-duration access to bank financing for IDT Telecom.

Which IDT (IDT) affiliates were added as guarantors under the amended credit facility?
The amendment added National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services of New York, LLC as additional corporate guarantors. They join existing guarantors including IDT Corporation, IDT Domestic Telecom, Inc., IDT America Corp. and Net2Phone, Inc.

What assets secure IDT’s (IDT) amended revolving credit facility with TD Bank?
The revolving credit facility is secured by all of the assets of IDT Telecom, IDT Corporation, IDT Domestic Telecom, IDT America, Net2Phone, National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services of New York, LLC. This broad collateral package supports the bank’s lending exposure.

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Understanding 8-K Material Events →
false 0001005731 0001005731 2026-08-13 2026-08-13
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 13, 2026
 
 
IDT CORPORATION
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
1-16371
 
22-3415036
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
520 Broad Street
Newark, New Jersey
 
07102
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (973) 438-1000
 
Not Applicable
(Former name or former address, if changed since last report.)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Title of each class
 
Trading Symbol
 
Name of each exchange on which registered
Class B common stock, par value $0.01 per share
 
IDT
 
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
Item 1.01.
Entry into a Material Definitive Agreement.
 
On August 13, 2026, IDT Telecom, Inc. (“IDT Telecom”), a subsidiary of IDT Corporation (the “Company”), entered into an amendment (the “Amendment”) to its revolving credit agreement with TD Bank, N.A. (the “Bank”). The Amendment, which is dated as of August 11, 2026, amends the revolving credit facility that was scheduled to mature on August 16, 2026.  The Amendment (i) increases the amount of revolving credit that the Bank may extend to IDT Telecom to $50.0 million during the months of May and December of each calendar year, compared to $25.0 million during all other months, (ii) adds National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services of New York, LLC as additional corporate guarantors, and (iii) extends the maturity date of the revolving credit facility to July 15, 2029.
 
All other material terms of the credit agreement remain unchanged, including the existing corporate guarantees provided by IDT Corporation, IDT Domestic Telecom, Inc., IDT America Corp. and Net2Phone, Inc. The credit facility is secured by all of the assets of IDT Telecom, IDT Corporation, IDT Domestic Telecom, IDT America, Net2Phone, National Retail Solutions, Inc., IDT Payment Services, Inc. and IDT Payment Services of New York, LLC.
 
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.01 to this Current Report on Form 8-K and incorporated herein by reference.
 
 
Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
Exhibit
No.
 
Document
10.01
 
Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of August 11, 2026, between IDT Telecom, Inc. and TD Bank, National Association.
104
 
Cover Page Interactive Data File, formatted in Inline XRBL document
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
IDT CORPORATION
 
 
 
 
By:
/s/ Shmuel Jonas
 
Name:
Shmuel Jonas
 
Title:
Chief Executive Officer
 
 
 
Dated: August 17, 2026
 
 
 
 
 
 
EXHIBIT INDEX
 
Exhibit
No.
 
Document
10.01
 
Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of August 11, 2026, between IDT Telecom, Inc. and TD Bank, National Association.
104
 
Cover Page Interactive Data File, formatted in Inline XRBL document
 

Source: View Original Filing on SEC EDGAR

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