AI English summary of an SEC filing — figures as filed

Parker-Hannifin said on December 10, 2025 it entered into a 364-Day Term Loan Agreement with an aggregate principal amount of $5.25 billion and a Three-Year Term Loan Agreement with an aggregate principal amount of $2.50 billion. Both agreements provide for delayed draw term loan facilities.

8-KEntry into a Material Definitive AgreementFiled Dec 10, 2025Period of report Dec 10, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Parker-Hannifin said on December 10, 2025 it entered into a 364-Day Term Loan Agreement with an aggregate principal amount of $5.25 billion and a Three-Year Term Loan Agreement with an aggregate principal amount of $2.50 billion. Both agreements provide for delayed draw term loan facilities.
The company said the proceeds of the loans, if and to the extent drawn, will be used to finance a portion of the consideration in its proposed acquisition of Filtration Group Corporation. It said that as of December 10, 2025, the company has not borrowed any funds under the credit facilities.
Parker-Hannifin said both loans are senior unsecured dollar-denominated facilities, with the 364-Day loan maturing 364 days after funding and the Three-Year loan maturing three years after initial funding. The company said the 364-Day loan requires mandatory prepayments from net cash proceeds of certain debt and equity issuances and asset sales, subject to exceptions, baskets and thresholds.
The company said the loans bear interest at a secured overnight financing rate plus an applicable margin, with the margin determined by the company's credit ratings from Moody's, S&P Global and Fitch. The agreements include covenants requiring compliance with a debt to capitalization ratio and restricting the company's and its subsidiaries' ability to incur liens, merge or consolidate with other companies, or sell assets outside the ordinary course of business.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$5.25 billion 364-Day and $2.50 billion Three-Year Delayed Draw Term Loan Agreements Entered Into

Parker-Hannifin said on December 10, 2025 it entered into a 364-Day Term Loan Agreement with an aggregate principal amount of $5.25 billion and a Three-Year Term Loan Agreement with an aggregate principal amount of $2.50 billion. Both agreements provide for delayed draw term loan facilities.

Source · Based on the filing body and exhibits

Financing Portion of Filtration Group Corporation Acquisition Consideration

The company said the proceeds of the loans, if and to the extent drawn, will be used to finance a portion of the consideration in its proposed acquisition of Filtration Group Corporation. It said that as of December 10, 2025, the company has not borrowed any funds under the credit facilities.

Source · Based on the filing body and exhibits

Maturity, Prepayment Terms and Facility Structure

Parker-Hannifin said both loans are senior unsecured dollar-denominated facilities, with the 364-Day loan maturing 364 days after funding and the Three-Year loan maturing three years after initial funding. The company said the 364-Day loan requires mandatory prepayments from net cash proceeds of certain debt and equity issuances and asset sales, subject to exceptions, baskets and thresholds.

Source · Based on the filing body and exhibits

Interest Rate Terms and Financial Covenants

The company said the loans bear interest at a secured overnight financing rate plus an applicable margin, with the margin determined by the company's credit ratings from Moody's, S&P Global and Fitch. The agreements include covenants requiring compliance with a debt to capitalization ratio and restricting the company's and its subsidiaries' ability to incur liens, merge or consolidate with other companies, or sell assets outside the ordinary course of business.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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