Fourth Amended and Restated Credit Agreement

Alamo Group Inc. has entered into a Fourth Amended and Restated Credit Agreement with Bank of America, N.A. The agreement provides a total credit facility of up to $602,500,000, comprising a $202,500,000 term loan and a $400,000,000 revolving facility. The revolving facility matures in five years, and the term facility requires quarterly principal payments with the balance due at the end of the five-year term. Interest rates are variable, based on either a base rate or a Term SOFR rate for USD borrowings, and an applicable benchmark rate for alternative currency borrowings, with margins ranging from 0.25% to 2.25% depending on the Company's consolidated net leverage ratio. A commitment fee on unused portions of the revolving facility ranges from 0.125% to 0.30%. The agreement includes covenants on maximum consolidated net leverage and minimum consolidated fixed charge coverage ratios, along with limitations on indebtedness, investments, acquisitions, property sales, and liens. The agreement expires on May 27, 2031. This filing also incorporates by reference the credit agreement as an exhibit and confirms the creation of a direct financial obligation.