Danaher enters into $5.0B unsecured revolving credit facility replacing existing facility

DANAHER CORP /DE/

New $5.0B unsecured revolver replaces existing facility; expires August 11, 2028 with one-year extension option.
Expansion option allows up to $2.5B incremental commitments under certain conditions.
Borrowings bear interest at SOFR + 58.5-101.5 bps (or base rate variants) depending on credit rating.
Facility fee of 4.0-11.0 bps on aggregate commitments; leverage covenant of 0.65:1.
Facility supports Danaher's CP programs and general corporate purposes.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DANAHER CORP /DE/ amended Credit Facility with Bank of America, N.A. valued at $5.0 billion (effective 2023-08-11).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: $5.0 billion
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, Danaher Corporation (“Danaher”) replaced its existing $5.0 billion unsecured, multiyear revolving credit facility with a third amended and restated $5.0 billion unsecured, multiyear revolving credit facility (the “Credit Facility”) with Bank of America, N.A., as Administrative Agent, and a syndicate of lenders from time to time party thereto.

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Source: SEC EDGAR

accession 0000313616-23-000244

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