DOVER Corp (DOV): debt financing — Dover enters new $1.5B five-year revolving credit facility, replaces existing $1B facility

DOVER Corp

New $1.5 billion unsecured revolving credit facility with 5-year maturity (April 2, 2031).
Replaces existing $1.0 billion five-year facility; prior 364-day facility expired on April 2, 2026.
Interest rate margins tied to S&P/Moody's ratings: Term Benchmark/RFR spread 0.68%–1.10%; ABR spread 0.00%–0.10%.
Facility fee rate 0.070%–0.150% on total commitments; uses include working capital and commercial paper backup.
Mandatory minimum interest coverage ratio of 3.00x EBITDA to net interest expense.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DOVER Corp incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A. at benchmark interest rate ... plus a specified applicable margin, ranging from 0.6 maturing April 2, 2031.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: benchmark interest rate ... plus a specified applicable margin, ranging from 0.6
Maturity: April 2, 2031
Event: incurrence

Exact text from the filing

on April 2, 2026, Dover Corporation (the “Company”) entered into a $1.5 billion five-year unsecured revolving credit facility with a syndicate of twelve banks (the “Lenders”), pursuant to a Credit Agreement dated as of April 2, 2026 (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”).

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Source: SEC EDGAR

accession 0001193125-26-147940

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