Parker-Hannifin closes $9.25 billion Filtration Group deal, takes on term loans
Parker-Hannifin completed its acquisition of Filtration Group on August 13, 2026, for a cash purchase price of $9.25 billion, subject to a net working capital adjustment. The company borrowed $5.25 billion under a 364-Day delayed draw term loan and $2.50 billion under a Three-Year delayed draw term loan to help pay the purchase price and related fees and expenses.
Key points
- Cash purchase price of $9.25 billion on a cash-free, debt-free basis, subject to a net working capital adjustment
- Merger completed August 13, 2026, under the Merger Agreement signed November 10, 2025
- Borrowed $5.25 billion under the 364-Day Credit Facility and $2.50 billion under the Three-Year Credit Facility on August 13, 2026
- Credit agreements dated December 10, 2025, with Barclays Bank PLC and KeyBank National Association as administrative agents
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 August 13, 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.