secwatch.observer — SEC 8-K summary
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Issuer:     DONALDSON Co INC (DCI)
CIK:        0000029644
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001193125-26-151208
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Donaldson enters $400M delayed-draw term loan facility with Wells Fargo and U.S. Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/0001193125-26-151208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29644/000119312526151208/d138651d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-151208

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