DONALDSON Co INC (DCI): debt financing — Donaldson enters $400M delayed-draw term loan facility with Wells Fargo and U.S. Bank

DONALDSON Co INC

Three-year unsecured $400M delayed-draw term loan; no amount outstanding as of April 8, 2026.
Availability period ends Oct 31, 2026, extendable to April 29, 2027 for Facet Acquisition.
Interest at Term SOFR plus 0.875%-1.625% or Base Rate plus 0%-0.625%, based on leverage ratio.
Covenants: interest coverage ≥3.50x, debt-to-EBITDA ≤3.50x (temporary increase for material acquisitions).
Proceeds for general corporate purposes and likely to fund the Facet Acquisition.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

DONALDSON Co INC incurred term loan of $400 million with Wells Fargo Bank, National Association, as administrative agent maturing three years.

Instrument: term loan
Principal: $400 million
Counterparty: Wells Fargo Bank, National Association, as administrative agent
Maturity: three years
Event: incurrence

Exact text from the filing

on April 8, 2026, the Company entered into a three-year committed, unsecured, delayed draw term loan credit facility in the amount of $400 million.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DONALDSON Co INC entered into Term Loan Credit Agreement with certain lenders and Wells Fargo Bank, National Association valued at $400 million (effective 2026-04-08).

Action: entry
Agreement: credit facility
Counterparty: certain lenders and Wells Fargo Bank, National Association
Value: $400 million
Effective: 2026-04-08

Exact text from the filing

On April 8, 2026, Donaldson Company, Inc. (the "Company") entered into a Term Loan Credit Agreement (the "Agreement"), among the Company, certain lenders from time to time party to the Agreement (the "Lenders"), and Wells Fargo Bank, National Association, as administrative agent for the Lenders. The Agreement creates a new three-year committed, unsecured, delayed draw term loan credit facility in the amount of $400 million available to the Company (the "Term Loan Facility").

View on SEC.gov

88 debt financings filed in the last 30 days. Browse all debt financings →

DONALDSON Co INC filing history →

Source: SEC EDGAR

accession 0001193125-26-151208

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.