ServiceTitan boosts revolver to $250M, extends to 2031

ServiceTitan, Inc. amended its existing credit agreement to expand its revolving credit facility and extend its maturity.

Rhea-AI Filing Summary

ServiceTitan, Inc. amended its existing credit agreement to expand its revolving credit facility and extend its maturity. The total borrowing capacity under the revolver increased from $140 million to $250 million, and the term was extended through January 30, 2031.

The amendment also shifts pricing and unused commitment fees to a total net leverage basis, replaces prior financial covenants with a total net leverage covenant, and loosens several negative covenants to give the company more flexibility. Before signing the amendment, ServiceTitan voluntarily repaid in full an approximately $107 million term loan, and there are currently no loans outstanding under the amended facility.

Insights

Credit & capital structure analyst

ServiceTitan increases revolving capacity to $250M, repays $107M term loan, and extends its credit runway to 2031.

ServiceTitan has amended its credit agreement to boost its revolving credit facility from $140 million to $250 million and extend maturity to January 30, 2031. This provides a larger committed liquidity backstop and a longer-dated financing framework.

The company voluntarily repaid an approximately $107 million term loan outstanding under the prior agreement, leaving no loans currently drawn under the amended facility. Pricing and commitment fees, as well as the primary financial covenant, are now tied to total net leverage, aligning costs and restrictions more directly with balance sheet metrics.

The amendment also relaxes certain negative covenants on liens, indebtedness, investments, dispositions, restricted payments and restricted debt payments, which can ease future financing or strategic activity within the lender-agreed limits. Subsequent filings that include the full amended agreement will provide additional detail on covenant levels and pricing grids.

8-K Event Classification

2 items: 1.01, 2.03

2 items

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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ServiceTitan (TTAN) change in its credit agreement?

ServiceTitan amended its existing credit agreement to expand its revolving credit facility, extend the maturity date, revise financial covenants to a total net leverage test, and adjust pricing and unused commitment fees. It also modified several negative covenants to give the company greater operational and financing flexibility.

How much revolving credit capacity does ServiceTitan (TTAN) now have?

ServiceTitan increased the total borrowing capacity of its revolving credit facility from $140 million to $250 million. This larger committed facility can support working capital, general corporate purposes, or other needs, subject to the terms and covenants of the amended credit agreement with its lenders.

When does ServiceTitan’s amended credit facility mature?

The amended credit agreement extends the term of ServiceTitan’s revolving credit facility through January 30, 2031. This longer maturity provides a more durable financing horizon and reduces near-term refinancing risk compared to the prior credit agreement schedule, within the existing lender relationship framework.

Did ServiceTitan (TTAN) repay any debt in connection with the amendment?

Before entering into the amendment, ServiceTitan voluntarily repaid in full an approximately $107 million term loan outstanding under the prior credit agreement. After this repayment and execution of the amendment, the company reports that no loans are currently outstanding under the amended revolving facility.

What financial covenants now apply under ServiceTitan’s amended credit agreement?

The amendment replaces the previous LQA recurring revenue and liquidity covenants with a total net leverage financial covenant. Pricing and unused commitment fees are also now based on total net leverage, more directly linking borrowing costs and covenant compliance to ServiceTitan’s overall indebtedness position over time.

How did the amendment change ServiceTitan’s negative covenants?

The amendment modifies negative covenants related to liens, indebtedness, investments, dispositions, restricted payments and restricted debt payments. These changes are described as providing ServiceTitan with more flexibility, within lender-agreed limits, for future financing, capital allocation, and potential strategic transactions under the amended facility.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/03/2026 - 04:12 PM Learn about SEC filing dates

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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): January 30, 2026

ServiceTitan, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-42434	26-0331862
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
800 N. Brand Blvd. Suite 100
Glendale, California				91203
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (855) 899-0970

(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:

☐	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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share		TTAN		The Nasdaq Stock Market LLC

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 January 30, 2026, ServiceTitan, Inc. (the “Company”) entered into Amendment Number Two to that certain Credit Agreement, dated as of January 23, 2023 (as amended by Amendment Number One to Credit Agreement, dated as of September 27, 2024, the “Existing Credit Agreement”), among the Company, as borrower, the lenders from time to time party thereto, and Wells Fargo Bank, National Association, as administrative agent and collateral agent (the “Amendment”).

The Amendment amended the Existing Credit Agreement (as so amended, the “Amended Credit Agreement”) by, among other things, increasing the total borrowing capacity of the revolving credit facility made available under the Amended Credit Agreement from $140 million to $250 million, and extending the term of the Amended Credit Agreement through January 30, 2031. In addition, the Amendment (i) modified pricing and unused commitment fees payable under the Amended Credit Agreement to be based on the Company’s total net leverage rather than LQA recurring revenue, (ii) replaced the LQA recurring revenue and liquidity financial covenants in the Existing Credit Agreement with a total net leverage financial covenant, and (iii) modified certain negative covenants, including liens, indebtedness, investments, dispositions, restricted payments and restricted debt payments, to provide the Company with more flexibility thereunder. Prior to entering into the Amendment the Company voluntarily repaid, in full, the approximately $107 million term loan that was outstanding under the Existing Credit Agreement and, as of the date of this Current Report, no loans were outstanding under the Amended Credit Agreement.

There were no other material changes to the terms of the Existing Credit Agreement as a result of the Amendment. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, a copy of which will be filed with the Company’s Annual Report on Form 10-K for the fiscal year ending January 31, 2026.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

SIGNATURES

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.

		SERVICETITAN, INC.
Date: February 3, 2026		By:		/s/ Dave Sherry
				Dave Sherry
				Chief Financial Officer