Dover Commences Offers to Purchase for Cash Certain of Its Outstanding Debt Securities
Key Highlights
- ➤Dover (DOV) launches cash tenders for four debt series, capped at $230 million.
- ➤6.650% Debentures due 2028 receive highest acceptance priority.
- ➤Offers expire October 30, 2026, at 5:00 p.m. New York City time.
- ➤New notes offering must fund repayment of €600 million 1.25% notes due 2026.
- ➤Settlement is expected November 3, 2026, subject to offer conditions.
DOWNERS GROVE, Ill., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Dover (NYSE: DOV), a diversified global manufacturer, today announced that it has commenced cash tender offers (collectively, the “Offers”) to purchase the outstanding notes described below, in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 26, 2026 (the “Offer to Purchase”).
The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 6.650% Debentures due 2028; 6.600% Notes due 2038; 5.375% Debentures due 2035; and 5.375% Notes due 2041 (collectively, the “Notes”) for the consideration described below, up to an aggregate purchase price, excluding the Accrued Coupon Payment (as defined below), of $230,000,000 (the “Tender Cap”), subject to proration and the application of the Acceptance Priority Levels set forth in the table below and as further set forth in the Offer to Purchase. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.
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