debt
confidence high
sentiment neutral
materiality 0.30
Dover Corp. enters $500M 364-day revolving credit facility, replacing prior facility
DOVER Corp
- $500M 364-day facility with 12 banks, matures April 2, 2026, with one-year extension option.
- Replaces existing $500M 364-day facility dated April 4, 2024, which expires April 3, 2025.
- Proceeds for working capital, general corporate purposes, and repaying other debt.
- JPMorgan Chase is administrative agent; customary relationships with lenders.