Form 8-K · Current Report · Filed 2024-04-10
Dover Corporation Enters into a New Revolving Credit Facility
On April 4, 2024, Dover Corporation entered into a $500 million 364-day revolving credit facility with a syndicate of twelve banks to replace its existing credit facility.
- Filer
- Dover Corporation DOV · NYSE
- Filed
- Accession
- 0001193125-24-092040
- CIK
- 0000029905
- Signal
- Low impactIndustrials
- Source
- Official filing on sec.gov ↗
Details
The new agreement is intended for working capital and general corporate purposes, and to repay other debt. The facility will terminate on April 3, 2025, with an option to extend the maturity date to April 3, 2026, under certain conditions. The 364-Day Credit Agreement will be filed as an exhibit in Dover Corporation's next Quarterly Report on Form 10-Q.
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Market reaction
Close before filing
$177.35
Next session
-2.3%
Since filing
+15.4%
Latest close
$204.62
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Precedent
Previous filings from DOV reporting the same item, with the next session's move:
About Dover Corporation
Dover Corporation is a diversified global manufacturer that designs and produces a broad range of innovative equipment, components, and specialty systems. The company operates in segments such as Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. Dover’s products serve critical and high-performance applications across industries including aerospace, healthcare, automobile, food and beverage, and energy. Founded in 1955 and headquartered in Downers Grove, Illinois, the company is recognized for its commitment to technological advancement and operational excellence. Dover's strategic focus on sustainability and customer-centric innovation positions it as a key player in the industrial marketplace, leveraging its diversified portfolio to meet the evolving demands of global commerce.
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