Parker Hannifin replaces revolving credit agreement, lifts credit line to $5 billion - PH News | RalliesParker Hannifin replaces revolving credit agreement, lifts credit line to $5 billion
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PH• New credit facility and acquisition financing
- Parker entered a new revolving credit agreement on Sept. 4, 2026, replacing its prior facility.
- Total revolving line increased to USD 5 billion.
- Commercial paper program size lifted to USD 5 billion, supported by unused capacity under its credit facilities.
- Plans a three-year delayed draw term loan facility of up to USD 2 billion to help fund a USD 2.55 billion CIRCOR aerospace acquisition.
- Term loan would allow one draw at closing, up to two additional draws post-closing, subject to conditions.
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