UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On April 4, 2024, 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 4, 2024 (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 6, 2023, which expired on April 4, 2024.
The Lenders’ commitments under the 364-Day Credit Agreement will terminate, and the loans under it will mature, on April 3, 2025. The Company may elect to extend the maturity date of any loans under the 364-Day Credit Agreement for one year to April 3, 2026, 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 will be filed as an exhibit in the Company’s next Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |
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 10, 2024 | DOVER CORPORATION | |||||
| (Registrant) | ||||||
| By: | /s/ Ivonne M. Cabrera | |||||
| Ivonne M. Cabrera | ||||||
| Senior Vice President, General Counsel & Secretary | ||||||