Dover Corporation Closes €800M Senior Notes Offering Due 2030

Overview of the Filing

On November 2, 2026, Dover Corporation filed a Current Report on Form 8-K under Item 8.01 (Other Events) disclosing the completion of a public debt offering of €800,000,000 aggregate principal amount of 4.350% Notes due 2030 (the "Euro Notes").

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Key Terms of the Euro Notes

• Issuer: Dover Corporation
• Principal Amount: €800,000,000
• Maturity Date: November 2, 2030
• Coupon / Interest Rate: 4.350% per annum, payable annually on November 2, commencing November 2, 2027
• Day Count Fraction: ACTUAL/ACTUAL (ICMA)
• Ranking: Senior unsecured obligations ranking equally in right of payment with all existing and future senior unsecured indebtedness of Dover Corporation
• Par Call Date: October 2, 2030 (one month prior to maturity)
• Optional Redemption:
  • Prior to the Par Call Date, redeemable at a make-whole redemption price based on the Comparable German Government Bond Rate plus 20 basis points (0.20%), plus accrued and unpaid interest.
  • On or after the Par Call Date, redeemable at 100% of the principal amount plus accrued and unpaid interest.
• Change of Control: Holders have the right to require Dover Corporation to repurchase the Notes at 101% of the aggregate principal amount plus accrued and unpaid interest upon the occurrence of a Change of Control Triggering Event (requiring both a Change of Control and a rating downgrade below investment grade).
• Trustee and Paying Agent: The Bank of New York Mellon acts as Trustee; The Bank of New York Mellon, London Branch acts as Paying Agent.

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Indenture and Underwriting Structure

• The Euro Notes were issued under the Base Indenture dated February 8, 2001, as supplemented by the Tenth Supplemental Indenture dated November 2, 2026.
• Dover Corporation entered into a Pricing Agreement and Underwriting Agreement dated October 26, 2026, with joint bookrunners including Deutsche Bank AG (London Branch), HSBC Bank plc, J.P. Morgan Securities plc, and Merrill Lynch International, among others.

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Impact and Market Assessment

This debt issuance represents standard corporate liability management and financing activity. It reinforces Dover Corporation’s liquidity profile and capital structure while tapping European debt markets at a fixed interest rate of 4.350%.