Parker Hannifin (PH) Lines Up $5 Billion Revolver And New Bonds For Defense Deal
Parker Hannifin (PH) has arranged a $5 billion revolving credit facility and new bonds to fund its $2.55 billion acquisition of CIRCOR International's Defense Aerospace business. The financing includes multiple US dollar and euro bond issues with varying maturities and interest rates. The move is expected to increase leverage but aligns with the company's existing aerospace and industrial focus.




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