Financing ·
Parker-Hannifin secures up to $2.0B term loan for pending acquisition of CIRCOR's aerospace business
PHParker-Hannifin Corp
Parker-Hannifin Corp entered into a new revolving credit agreement on September 4, 2026, increasing its total available line of credit to $5.0 billion and authorizing a corresponding increase in its commercial paper program to the same amount. The company also announced a Three-Year Delayed Draw Term Loan Agreement with U.S. Bank National Association providing up to $2.0 billion in financing for the pending acquisition of CIRCOR International, Inc.’s Commercial and Defense Aerospace business for approximately $2.55 billion. This transaction remains subject to customary closing conditions. Parker-Hannifin Corp operates in the industrial manufacturing sector, designing and manufacturing motion and control technologies and systems.