{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-151208","form_type":"8-K","ticker":"DCI","cik":"0000029644","company_name":"DONALDSON Co INC","filed_at":"2026-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.539871+00:00","generated_at":"2026-05-15T06:43:53.263681+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Donaldson enters $400M delayed-draw term loan facility with Wells Fargo and U.S. Bank","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-151208","json":"https://secwatch.observer/filing/0001193125-26-151208.json","markdown":"https://secwatch.observer/filing/0001193125-26-151208.md","text":"https://secwatch.observer/filing/0001193125-26-151208.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/0001193125-26-151208-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/d138651d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:43:53.263681+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"91035d8d29d239ad37cf06248066f6cf3227352e","claim":"DONALDSON Co INC incurred term loan of $400 million with Wells Fargo Bank, National Association, as administrative agent maturing three years.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/0001193125-26-151208-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent"},{"label":"Maturity","value":"three years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5637f918c12474dc455deac588000df57919b7ff","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/0001193125-26-151208-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain lenders and Wells Fargo Bank, National Association"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2026-04-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}