Dover Corporation 8-K Filing Summary

On April 2, 2026, Dover Corporation entered into a $1.5 billion five-year unsecured revolving credit facility, replacing a previous $1 billion facility. This new facility, with JPMorgan Chase Bank, N.A. as Administrative Agent, is primarily intended as a liquidity back-up for the company's commercial paper program and can be used for working capital and general corporate purposes. It also allows for letters of credit up to a $250 million subcap. The facility has a maturity date of April 2, 2031. Interest rates are based on benchmark rates (SOFR, SONIA, EURIBOR, CORRA, STIBOR) plus an applicable margin ranging from 0.68% to 1.10%, determined by the company's credit rating. A facility fee, ranging from 0.070% to 0.150%, is also payable. The agreement includes customary covenants and events of default, such as maintaining a minimum interest coverage ratio of 3.00:1.00. The credit agreement also details provisions for benchmark replacement in case of unavailability or non-representativeness of the current benchmark rates.