Dorman Products issues $450 million 6.25% senior notes due 2034 and refinances credit facility
Dorman Products issued $450 million of 6.250% senior notes due June 15, 2034, and used the proceeds to repay in full its term loans under the original credit agreement. The company also amended its credit agreement, replacing the revolving facility with a new five-year $800 million facility maturing June 16, 2031. The filing adds $450 million of long-term debt, which shareholders should weigh against the company's leverage and the new covenant limits.
Key points
- $450 million aggregate principal of 6.250% senior notes due June 15, 2034; interest paid semi-annually starting December 15, 2026
- Notes may be redeemed before June 15, 2029 at a premium; from June 15, 2029 the redemption price steps down from 103.125% to 100.000%
- New five-year revolving credit facility of $800 million, maturing June 16, 2031, secured by substantially all personal property and assets of the company and material domestic subsidiaries
- Amended credit agreement requires a secured net leverage ratio of not more than 3.50 to 1.00 and an interest coverage ratio of not less than 2.00 to 1.00
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 June 16, 2026.
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.