PH Increased Revolving Credit to $5B, Secured $2B Term Loan for $2.55B Acquisition
· The NYC Memo
Parker-Hannifin Corporation entered a new revolving credit agreement on September 4, 2026, increasing its revolving line of credit and commercial paper program to $5.0 billion each. The company also expects to enter a Three-Year Term Loan Agreement for up to $2.0 billion to finance a portion of its approximately $2.55 billion acquisition of CIRCOR International's aerospace business.