Financing ·
Prices $250M of senior unsecured notes due 2032-2037 at yields up to 6.23%
DCIDONALDSON Co Inc
Donaldson Company entered into a Note Purchase Agreement with institutional investors, committing to issue an initial series of senior unsecured notes totaling $250 million in aggregate principal amount. The issuance consists of three tranches: $125 million of 5.93% notes due January 12, 2032; $75 million of 6.10% notes due January 12, 2034; and $50 million of 6.23% notes due January 12, 2037. The notes are expected to be issued on January 12, 2027, following the satisfaction of certain closing conditions. Interest is payable semiannually in arrears. Donaldson Company manufactures filtration products and services for industrial and commercial applications.