DONALDSON Co INC 8-K Filing

This filing is an 8-K for DONALDSON Co INC, reporting on April 8, 2026. The company entered into a three-year committed, unsecured, delayed draw term loan credit facility amounting to $400 million. This facility, with Wells Fargo Bank, National Association as the administrative agent, is available to the Company and no amount was outstanding as of the reporting date. The loan facility allows for borrowings at varying interest rates, including options for Term SOFR or Base Rate loans, with the Applicable Rate determined by the Company's debt-to-EBITDA ratio. Key covenants include maintaining a consolidated interest coverage ratio of not less than 3.5 to 1.00 and an adjusted debt-to-EBITDA ratio not exceeding 3.50 to 1.00, with provisions for temporary increases in connection with Material Acquisitions. Failure to comply with these covenants could lead to the lenders terminating the commitment or declaring outstanding loans due. The agreement also includes other covenants related to debt, liens, and investments, and allows for acceleration of amounts due upon a Default event. The filing also lists the Term Loan Credit Agreement as an exhibit.