Commentary & Deal Flow

Reoffer: 4yr: MS+95bp / 99.917 / 4.373%
Benchmark: 4yr: OBL 2.2 10-Oct-30 (#192) / B+121.4bp

Launched: 4yr: €800m @ MS+95bp
Spread set at: 4yr: MS+95bp - Books subject at 12.45pm UKT
IPTs: 4yr: MS+115/120a

• Issuer: Dover Corporation
• Ticker: DOV
• Country: US
• LEI Code: 549300FMC2ALGA7N9E80
• Issuer Ratings: Moody's: Baa1 (Stable) / S&P: BBB+ (Stable)
• Expected Issue Ratings: Moody's: Baa1 / S&P: BBB+
• Format: Senior Unsecured Notes
• Settlement Date: 02-Nov-26 (T+5)
• Tenor: 4-year
• Size: €800m
• Maturity Date: 02-Nov-30
• Coupon: 4.35%, Fixed, Annual, ACT/ACT (ICMA)
• Reoffer: MS+95bp / 99.917 / 4.373%
• Benchmark: OBL 2.2 10-Oct-30 (#192) / B+121.4bp
• Optional Redemption: MWC, 1-month Par Call
• Change of Control: Yes, at 101%
• Redemption for Tax Reasons: Yes (as described in the Preliminary Prospectus Supplement)
• CUSIP / ISIN / Common Code: 260003 AS7 / XS3554096431 / 355409643
• Use of Proceeds: Together with cash on hand, (i) to repay the Issuers 2026 notes at maturity, (ii) to fund the purchase price for existing notes validly tendered and accepted for purchase in the tender offers, including the payment of accrued and unpaid interest, and (iii) to the extent any proceeds remain, for general corporate purposes.
• Denominations: €100,000 x €1,000
• Docs: SEC Registered / New York Stock Exchange (NYSE) / New York Law
• Clearing: Euroclear and Clearstream
• Sales into Canada: Yes, via exemption
• Selling Restrictions: As per the Issuers Preliminary Prospectus Supplement
• Stabilization: Relevant stabilization regulations including FCA/ICMA apply
• Target Market: MiFID II and UK MiFIR - professionals / ECPs-only / No EU PRIIPs KID or UK PRIIPs KID/CCI PRODUCT SUMMARY
• Joint Actives: Deutsche Bank, HSBC (B&D), J.P. Morgan
• Marketing: Direct Link: www.netroadshow.com/nrs/home/#!/?show=97bb2956 Link: www.netroadshow.com | Password: Dover2026
• Hedges: OBL 2.2 10-Oct-30 #192 (HR 100%)