ServiceTitan, Inc. 8-K

What Happened
ServiceTitan, Inc. announced on January 30, 2026 that it entered Amendment Number Two to its existing Credit Agreement (originally dated January 23, 2023) with its lenders and Wells Fargo Bank, N.A. as administrative and collateral agent. The amendment increases the total borrowing capacity of the revolving credit facility from $140 million to $250 million and extends the agreement’s term through January 30, 2031. Prior to the amendment, the company voluntarily repaid in full the approximately $107 million term loan that had been outstanding; as of the filing date, no loans were outstanding under the amended facility.

Key Details

• Revolving credit capacity raised from $140M to $250M.
• Term of the amended credit agreement extended through January 30, 2031.
• Pricing and unused commitment fees restructured to be based on ServiceTitan’s total net leverage (replacing LQA recurring revenue basis).
• Replaced LQA recurring revenue and liquidity covenants with a total net leverage covenant and loosened certain negative covenants (liens, indebtedness, investments, dispositions, restricted payments).
• Company repaid ~ $107M term loan prior to the amendment; no outstanding borrowings under the amended facility as of the 8-K.

Why It Matters
The amendment provides ServiceTitan with significantly more committed liquidity (a larger revolver) and a longer-term financing runway, while substituting and simplifying financial covenants to a total net leverage metric. For investors, this reduces near-term refinancing pressure and gives the company more operational and financial flexibility; the repayment of the term loan and zero outstanding borrowings at filing indicate the company was not drawing on the new revolver immediately. The full Amended Credit Agreement will be filed with ServiceTitan’s Form 10-K for the fiscal year ending January 31, 2026.