---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-097188"
form_type: "8-K"
ticker: "DOV"
cik: "0000029905"
company_name: "DOVER Corp"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:53:14.577564+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dover enters $1B five-year and $500M 364-day credit facilities, replaces prior $1B facility

## Summary
- $1B five-year unsecured revolving credit facility entered April 6, 2023, maturing April 6, 2028, replaces similar 2019 facility.
- $500M 364-day revolving credit facility also entered, with optional one-year extension to April 2025.
- Facilities support commercial paper program and general corporate purposes; borrowings available in USD, EUR, GBP, CAD, SEK.
- Interest margins on Term SOFR range 0.805%-1.20% for five-year facility, based on Dover's credit ratings.
- Covenants include minimum interest coverage ratio of 3.00:1.00; no borrowing subsidiaries designated as of date.

## SEC filing metadata
- accession: 0001193125-23-097188
- form_type: 8-K
- ticker: DOV
- cik: 0000029905
- company_name: DOVER Corp
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/0001193125-23-097188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/d416302d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-097188
- JSON: https://secwatch.observer/filing/0001193125-23-097188.json
- Plain text: https://secwatch.observer/filing/0001193125-23-097188.txt

## Key facts
- Debt Financings
  DOVER Corp incurred revolving credit of $1 billion with JPMorgan Chase Bank, N.A. as Administrative Agent at applicable margin ranging from 0.805% to 1.20% over SOFR or alternate base rate maturing April 6, 2028.
  - Instrument: revolving credit
  - Principal: $1 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as Administrative Agent
  - Rate: applicable margin ranging from 0.805% to 1.20% over SOFR or alternate base rate
  - Maturity: April 6, 2028
  - Event: incurrence
  source text: Replacing a similar existing credit facility with a remaining term of one year, on April 6, 2023, Dover Corporation (the “Company”) entered into a $1 billion five-year unsecured revolving credit facility with a syndicate of twelve banks (the “Lenders”), pursuant to a Credit Agreement dated as of April 6, 2023 (the “Five-Year Credit Agreement”) among the Company, the Lenders, the Issuing Banks party thereto, the Borrowing Subsidiaries party thereto from time to time and JPMorgan Chase Bank, N.A. as Administrative Agent (the “Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/0001193125-23-097188-index.htm
- Debt Financings
  DOVER Corp incurred revolving credit of $500 million with JPMorgan Chase Bank, N.A. as Administrative Agent at applicable margin ranging from 0.825% to 1.250% over SOFR or alternate base rate maturing April 4, 2024 (with a one-year Term-Out Option to April 4, 2025).
  - Instrument: revolving credit
  - Principal: $500 million
  - Counterparty: JPMorgan Chase Bank, N.A. as Administrative Agent
  - Rate: applicable margin ranging from 0.825% to 1.250% over SOFR or alternate base rate
  - Maturity: April 4, 2024 (with a one-year Term-Out Option to April 4, 2025)
  - Event: incurrence
  source text: On April 6, 2023 the Company also entered into a $500 million 364-day revolving credit facility with the same syndicate of Lenders, pursuant to a 364-Day Revolving Credit Agreement dated as of April 6, 2023 (the “364-Day Credit Agreement” and together with the Five-Year Credit Agreement, the “Credit Agreements”) among the Company, the Lenders and the Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/0001193125-23-097188-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.