Hydraulic gears and motors maker, Parker Hannifin, has refinanced a $1.5 billion credit facility over the next five years. The loan was provided by about 21 lenders around the world.
The deal is solely led by KeyBank National Association. The credit facility is part of the company’s overall capital structure and supports the issuance of U.S. commercial paper.
Click here for the release from Parker Hannifin.