secwatch.observer — SEC 8-K summary
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Issuer:     DOVER Corp (DOV)
CIK:        0000029905
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097188
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/0001193125-23-097188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29905/000119312523097188/d416302d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097188

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