Parker-Hannifin closed its $9.25bn purchase of Filtration Group and borrowed $7.75bn the same day, and the larger of the two loans matures 364 days from Thursday

Item 2.01 is one paragraph long, and it says the merger is done.

Parker-Hannifin completed its purchase of Filtration Group Corporation on Thursday, according to a Form 8-K the company filed at 16:05 Eastern. The price is a cash purchase price of $9.25bn on a cash-free, debt-free basis, subject to a net working capital adjustment, under a merger agreement signed on 10 November 2025.

The second item is the one with the numbers in it. On the same day it closed, Parker drew $5.25bn under a 364-day term loan facility and $2.50bn under a three-year one, to pay a portion of the price and the fees. That is $7.75bn of bank debt against a $9.25bn price, or about 84 percent of it.

The clock started on Thursday

Today's filing does not say when either loan falls due. The credit agreements Parker signed on 10 December 2025 do, and they measure the term from the draw rather than from the signature: 364 days after funding for the larger facility, three years after the initial funding for the smaller one. Both had sat undrawn for 246 days.

So the $5.25bn matures on 12 August 2027 and the $2.50bn on 13 August 2029.

What the larger loan has attached to it

A sweep. The 364-day facility requires mandatory prepayment out of the net cash proceeds of certain debt issues, equity issues and asset sales, subject to exceptions and thresholds the December agreement does not set out in the filing.

Both facilities are senior unsecured, both bear interest at a secured overnight financing rate plus a margin that moves with Parker's credit rating, and both carry a debt to capitalization covenant. Neither document read here gives a pro forma leverage figure, an interest cost, or any financial detail about Filtration Group.