M
ME NEWS
04 Apr 2025, 06:42
Dover Corporation Secures New $500 Million 364-Day Credit Facility
Downers Grove, IL – April 3, 2025 – Dover Corporation (NYSE: DOV) announced it has entered into a new $500 million 364-day revolving credit facility with a syndicate of twelve banks, led by JPMorgan Chase Bank, N.A. as Administrative Agent.
The credit agreement, dated April 3, 2025, will provide liquidity for working capital, general corporate purposes, and debt repayment, replacing Dover’s prior 364-day revolving facility that expired the same day.
Under the terms of the agreement:
The credit facility matures on April 2, 2026
Dover may extend the maturity date by one additional year, to April 2, 2027, subject to standard conditions including the absence of default and the continued accuracy of representations and warranties.
Dover maintains longstanding commercial relationships with the participating banks.
Downers Grove, IL – April 3, 2025 – Dover Corporation (NYSE: DOV) announced it has entered into a new $500 million 364-day revolving credit facility with a syndicate of twelve banks, led by JPMorgan Chase Bank, N.A. as Administrative Agent.
The credit agreement, dated April 3, 2025, will provide liquidity for working capital, general corporate purposes, and debt repayment, replacing Dover’s prior 364-day revolving facility that expired the same day.
Under the terms of the agreement:
The credit facility matures on April 2, 2026
Dover may extend the maturity date by one additional year, to April 2, 2027, subject to standard conditions including the absence of default and the continued accuracy of representations and warranties.
Dover maintains longstanding commercial relationships with the participating banks.
