Donaldson Company Secures New $400 Million Credit Facility
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Donaldson Company ( (DCI) ) has shared an announcement.
On April 8, 2026, Donaldson Company, Inc. entered into a three-year, unsecured, delayed draw term loan credit facility of $400 million with a syndicate of lenders led by Wells Fargo Bank as administrative agent. The facility, which had no borrowings outstanding as of that date, is denominated in U.S. dollars and allows the company to choose between interest rates based on Term SOFR or a base rate, in each case plus an applicable margin tied to its debt-to-EBITDA ratio.
The agreement imposes key financial covenants, including maintaining a minimum consolidated interest coverage ratio of 3.5 to 1.00 and a maximum adjusted debt-to-EBITDA ratio of 3.50 to 1.00, along with additional restrictions on priority debt, liens, indebtedness, and investments. Failure to comply could lead lenders to terminate commitments or accelerate repayment, underscoring that the facility both enhances Donaldson’s financial flexibility and formalizes leverage and coverage limits that are material for creditors and other stakeholders.
The most recent analyst rating on (DCI) stock is a Buy with a $91.00 price target. To see the full list of analyst forecasts on Donaldson Company stock, see the DCI Stock Forecast page.
Spark’s Take on DCI Stock
According to Spark, TipRanks’ AI Analyst, DCI is a Neutral.
The score is driven primarily by solid underlying financial performance and constructive forward guidance (record margin/EPS outlook), partially offset by weaker technical positioning and a relatively expensive valuation. Near-term margin pressure and execution risks in Industrial Solutions also temper the outlook.
To see Spark’s full report on DCI stock, click here.
More about Donaldson Company
Donaldson Company, Inc. operates in the industrial sector, providing filtration and related solutions that support manufacturing, transportation, and other applications where clean air and fluids are critical. The company serves a broad range of end markets, and its capital structure and access to credit facilities are important to funding growth initiatives and managing liquidity.
Average Trading Volume: 755,747
Technical Sentiment Signal: Buy
Current Market Cap: $10.32B
See more insights into DCI stock on TipRanks’ Stock Analysis page.
