Donaldson Company signs $400 million three-year delayed draw term loan facility
Donaldson Company entered a Term Loan Credit Agreement on April 8, 2026, creating a committed, unsecured, three-year delayed draw facility of $400 million with Wells Fargo as administrative agent. No amount was outstanding under the facility as of April 8, 2026. The agreement sets interest-coverage and debt-to-EBITDA covenants that lenders could enforce by ending commitments or accelerating loans.
Key points
- Facility size: $400 million, committed, unsecured, three-year term
- Agreement dated April 8, 2026; Wells Fargo Bank, National Association is administrative agent
- No borrowings outstanding as of April 8, 2026
- Covenants require interest coverage of at least 3.5 to 1.00 and adjusted debt-to-EBITDA of no more than 3.50 to 1.00
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 10, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.