Parker-Hannifin Increases Revolving Credit Line to $5.0 Billion

Details

Additionally, the company plans to enter into a Three-Year Term Loan Agreement to finance a portion of the purchase price for the acquisition of CIRCOR International, Inc.'s Commercial and Defense Aerospace business. The term loan is expected to provide up to $2.0 billion. These financial agreements are expected to support the company's acquisition activities and general corporate purposes.

Items reported

About Parker Hannifin Corporation

Parker Hannifin Corporation is a leading manufacturer in the motion and control technology sector, playing a pivotal role in the development and production of components and systems that enable precise fluid and pneumatic controls. The company operates through various segments, including aerospace, automation, and filtration, making significant contributions to industries as diverse as manufacturing, transportation, and healthcare. Known for its innovation, Parker Hannifin develops products such as hydraulic systems, electromechanical systems, and pneumatic solutions, all aimed at enhancing operational efficiency and sustainability. Headquartered in Mayfield Heights, Ohio, the corporation's extensive global reach, with operations in over 50 countries, underscores its vital role in serving critical infrastructure and facilitating industrial automation worldwide. Its vast product portfolio and commitment to technological advancement position Parker Hannifin as an essential player in supporting industrial processes and meeting the needs of various sectors focused on efficiency and reliability.