Parker-Hannifin signs $7.75 billion in delayed draw loans to help fund Filtration Group deal
Parker-Hannifin entered into two delayed draw term loan agreements totaling $7.75 billion, a $5.25 billion 364-day facility with Barclays and a $2.50 billion three-year facility with KeyBank. The company says the loans, if drawn, will help finance part of its proposed acquisition of Filtration Group, and it had not borrowed any funds as of December 10, 2025.
Key points
- 364-Day Credit Facility: $5.25 billion, administrative agent Barclays Bank PLC, matures 364 days after funding
- Three-Year Credit Facility: $2.50 billion, administrative agent KeyBank National Association, matures three years after initial funding
- Proceeds, if drawn, will finance a portion of the proposed Filtration Group acquisition; no borrowings as of December 10, 2025
- Loans bear interest at SOFR plus a margin tied to the company's credit rating
The filing
Written by AI on Nov 8, 2026, 2:16 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 December 10, 2025.
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.