8-KThe WireRoutine
Company Update
Filed Apr 3, 2025 · 1y ago · Accession 0001193125-25-072471
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 3, 2025
DOVER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-4018
53-0257888
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
3005 Highland Parkway
Downers Grove , Illinois
60515
(Address of Principal Executive Offices)
(Zip Code)
(630) 541-1540
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock
DOV
New York Stock Exchange
1.250% Notes due 2026
DOV 26
New York Stock Exchange
0.750% Notes due 2027
DOV 27
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01
Other Events
On April 3, 2025, Dover Corporation (the “Company”) entered into a $500 million 364-day revolving credit facility with a syndicate of twelve banks (the “Lenders”), pursuant to a 364-Day Revolving Credit Agreement dated as of April 3, 2025 (the “364-Day Credit Agreement”) among the Company, the Lenders, and JPMorgan Chase Bank, N.A. as Administrative Agent (the “Agent”). The 364-Day Credit Agreement is intended to be used for working capital and general corporate purposes, as well as to repay other debt of the Company. The 364-Day Credit Agreement replaced the Company’s existing $500 million 364-day revolving credit facility dated as of April 4, 2024, which expires on April 3, 2025.
The Lenders’ commitments under the 364-Day Credit Agreement will terminate, and the loans under it will mature, on April 2, 2026. The Company may elect to extend the maturity date of any loans under the 364-Day Credit Agreement for one year to April 2, 2027, so long as certain conditions are met, including that representations and warranties of the Company continue to be true and correct and that no event of default has occurred and is continuing.
The Company has customary corporate and commercial banking relationships with the Lenders and the Agent.
The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the 364-Day Credit Agreement, which is filed hereto as an exhibit.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits .
The following exhibits are furnished as part of this report:
10.1
364-Day Credit Agreement dated as of April 3, 2025 among Dover Corporation, the Lenders party thereto, the Borrowing Subsidiaries party thereto from time to time and JPMorgan Chase Bank, N.A. as Administrative Agent
104
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 3, 2025
DOVER CORPORATION
(Registrant)
By:
/s/ Ivonne M. Cabrera
Ivonne M. Cabrera
Senior Vice President, General Counsel & Secretary
3
Filing details
- Company
- DOVER Corp
- Ticker
- DOV
- CIK
- 29905
- Form type
- 8-K
- Filing date
- Apr 3, 2025
- Report date
- Apr 3, 2025
- Document
- d928407d8k.htm
- Size
- 1007 KB