secwatch.observer — SEC 8-K summary
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Issuer:     DANAHER CORP /DE/ (DHR)
CIK:        0000313616
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000313616-23-000250
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313616/000031361623000250/0000313616-23-000250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313616/000031361623000250/dhr-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000313616-23-000250

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