Form 8-K · Current report
Parker Hannifin 8-K, filed Sep 8, 2026
- Filed
- CIK
- 0000076334
- Accession no.
- 0001193125-26-384428
Summary
Parker-Hannifin entered into a new revolving credit agreement that raised total revolver capacity to $5.0 billion and authorized a corresponding increase to its commercial paper program to $5.0 billion. It also expects to enter a three-year delayed-draw term loan of up to $2.0 billion with U.S. Bank as administrative agent to help fund its pending approximately $2.55 billion cash acquisition of CIRCOR International's Commercial and Defense Aerospace business.
Key points
- On September 4, 2026, Parker-Hannifin entered a new revolving credit agreement replacing its existing amended and restated revolving credit agreement and increasing total revolving capacity to $5.0 billion.
- On September 4, 2026, Parker-Hannifin authorized a corresponding increase to the size of its commercial paper program to $5.0 billion.
- On May 21, 2026, Parker-Hannifin announced a definitive agreement to acquire CIRCOR International's Commercial and Defense Aerospace business for approximately $2.55 billion in cash.
- Parker-Hannifin expects the CIRCOR Credit Agreement to provide a delayed draw term loan facility of up to $2.0 billion, with one draw at closing and up to two additional draws after closing, subject to conditions and no assurance of consummation.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
From the filing
Item 8.01. Other Events. Revolving Credit Agreement and Commercial Paper Program Parker-Hannifin Corporation (the “Company”) maintains a commercial paper program supported by unused capacity under its credit facilities. On September 4, 2026, the Company entered into a new revolving credit agreement, which replaces its existing amended and restated revolving credit agreement and provides for an increase in the total revolving line of credit available thereunder to $5.0 billion. On September 4, 2026, the Company also authorized a corresponding increase to the size of its commercial paper program to $5.0 billion. …
An excerpt of the text as filed with the SEC, cut for length.
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