secwatch.observer — SEC 8-K summary
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Issuer:     Parker-Hannifin Corp (PH)
CIK:        0000076334
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001193125-21-259374
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parker-Hannifin enters $2B credit agreement to fund Meggitt plc acquisition
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- $2.0 billion senior unsecured delayed-draw term loan facility entered on August 27, 2021.
- Proceeds will finance part of the cash consideration for the proposed acquisition of Meggitt plc.
- No borrowings were drawn under the facility as of the filing date.
- Commitments terminate upon acquisition closing, deal termination, or February 2, 2023.
- Interest rates based on credit ratings; ticking fee on undrawn amounts begins October 26, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76334/000119312521259374/0001193125-21-259374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76334/000119312521259374/d203465d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-259374

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