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AI brief of an SEC Form 8-K · Donaldson (DCI)

Donaldson Company enters $1.5 billion note purchase agreement; first $250 million series set

Neutral Impact 4 of 5 financing

Donaldson Company, Inc. entered into a Note Purchase Agreement on October 27, 2026, allowing it to issue up to $1.5 billion of senior unsecured notes in private placements. An initial $250 million series of notes, with maturities from 2032 to 2037 and fixed rates from 5.93% to 6.23%, is expected to be issued on January 12, 2027, subject to closing conditions.

Key points

  • Agreement permits up to $1,500,000,000 aggregate principal of senior unsecured notes in one or more series
  • Initial Series 2026-A notes total $250 million: $125 million at 5.93% due 2032, $75 million at 6.10% due 2034, $50 million at 6.23% due 2037
  • Notes expected to be issued January 12, 2027, subject to closing conditions
  • Agreement includes debt to EBITDA and priority debt covenants, and requires an offer to prepay notes upon a change in control

The filing

CompanyDonaldson (DCI)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:30 PM ET
Accession number0001193125-26-437867

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.