Dover signs $1.5 billion five-year revolving credit facility, replacing $1 billion facility
Dover entered into a $1.5 billion five-year unsecured revolving credit facility on April 2, 2026, replacing its existing $1 billion five-year credit facility and letting its 364-day facility expire. The new facility is mainly backup liquidity for the company's commercial paper program and is due April 2, 2031, so it adds $500 million of committed borrowing capacity compared with the facility it replaced.
Key points
- $1.5 billion five-year unsecured revolving credit facility with twelve banks, dated April 2, 2026, with JPMorgan Chase Bank, N.A. as administrative agent
- Replaces the $1 billion five-year credit agreement dated April 6, 2023; the 364-day credit agreement expired April 2, 2026
- Up to $250 million available for letters of credit; margin of 0.68% to 1.10% over benchmark rates, tied to credit ratings
- Requires a minimum interest coverage ratio of EBITDA to consolidated net interest expense of at least 3.00:1.00
The filing
Written by AI on Nov 8, 2026, 1:10 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 April 08, 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.