Donaldson waiver gives it until Dec. 28 to deliver financial statements

By Angela McDaniels

Tacoma, Wash., Oct. 29 – Donaldson Co., Inc. received a waiver from its credit facility lenders on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The lenders agreed to waive any event of default with respect to timely delivery of certain financial statements so long as Donaldson provides audited financial statements for the fiscal year ended July 31 and unaudited financial statements for its first fiscal quarter ended Oct. 30 by Dec. 28.

Wells Fargo Bank, NA is the administrative agent. U.S. Bank NA is the syndication agent.

Donaldson is a Minneapolis-based manufacturer of filtration systems and replacement parts.

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