Parker-Hannifin Completes $9.25B Acquisition of Filtration Group

What Happened

• Parker-Hannifin Corporation announced it completed the previously announced merger to acquire Filtration Group Corporation on August 13, 2026. The purchase price was $9.25 billion on a cash-free, debt-free basis, subject to a net working capital adjustment. The Merger Agreement was originally entered on November 10, 2025.

Key Details

• Purchase price: $9.25 billion (cash-free, debt-free), subject to net working capital adjustment.
• Financing drawn: $5.25 billion under a 364-Day delayed-draw term loan (364-Day Credit Facility) and $2.50 billion under a Three-Year delayed-draw term loan — total borrowings of $7.75 billion — both drawn on August 13, 2026 to fund part of the purchase price and related fees/expenses.
• Credit agreements were entered on December 10, 2025 (364-Day Term Loan Agreement with Barclays as administrative agent; Three-Year Term Loan Agreement with KeyBank as administrative agent).
• The Merger Agreement and the credit agreements are filed as exhibits to the 8-K.

Why It Matters

• For investors, the transaction is material because it adds a sizable acquisition (priced at $9.25B) to Parker’s business and was funded in part by substantial new term debt ($7.75B). That will increase Parker’s outstanding debt and related interest obligations and is likely to affect near-term leverage and cash flow profiles. The filing also makes the underlying agreements available for review (Merger Agreement and credit agreements), allowing investors to see the detailed terms.