---
schema_version: "secwatch.filing_event.v1"
accession: "0000313616-23-000250"
form_type: "8-K"
ticker: "DHR"
cik: "0000313616"
company_name: "DANAHER CORP /DE/"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:34:10.368546+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Danaher subsidiary Veralto Corp enters $1.5B credit facility ahead of spinoff

## Summary
- $1.5B unsecured five-year revolving credit facility maturing August 31, 2028, with one-year extension option.
- Borrowings permitted only after completion of Veralto separation from Danaher.
- Interest: Term SOFR plus 79.5–130 bps (USD) or EURIBOR plus 79.5–130 bps (EUR); facility fee 8–20 bps.
- Covenant: Consolidated Net Leverage Ratio ≤ 3.75x (4.25x after acquisitions >$100M).
- Facility to support Veralto's commercial paper program and general corporate purposes.

## SEC filing metadata
- accession: 0000313616-23-000250
- form_type: 8-K
- ticker: DHR
- cik: 0000313616
- company_name: DANAHER CORP /DE/
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/313616/000031361623000250/0000313616-23-000250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/313616/000031361623000250/dhr-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000313616-23-000250
- JSON: https://secwatch.observer/filing/0000313616-23-000250.json
- Plain text: https://secwatch.observer/filing/0000313616-23-000250.txt

## Key facts
- Debt Financings
  DANAHER CORP /DE/ incurred revolving credit of $1.5 billion with Bank of America, N.A., as Administrative Agent, and a syndicate of lenders at Term SOFR plus a margin of between 79.5 and 130.0 basis points maturing August 31, 2028.
  - Instrument: revolving credit
  - Principal: $1.5 billion
  - Counterparty: Bank of America, N.A., as Administrative Agent, and a syndicate of lenders
  - Rate: Term SOFR plus a margin of between 79.5 and 130.0 basis points
  - Maturity: August 31, 2028
  - Event: incurrence
  source text: On August 31, 2023 (the "Closing Date"), Veralto Corporation ("Veralto"), a wholly owned subsidiary of Danaher Corporation (the "Company"), as borrower, entered into a $1.5 billion unsecured five-year 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/313616/000031361623000250/0000313616-23-000250-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.