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.

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