Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Fortive Corp incurred credit facility of $700 million senior unsecured delayed draw term loan facility, $600 million senior unsecured delayed draw term loan faci with syndicate of banks at Term SOFR Loans bear interest at Adjusted Term SOFR Reference Rate of between 87 maturing three-year term loan, eighteen month term loan, three-year revolving credit facility.
- Instrument
- credit facility
- Principal
- $700 million senior unsecured delayed draw term loan facility, $600 million senior unsecured delayed draw term loan faci
- Counterparty
- syndicate of banks
- Rate
- Term SOFR Loans bear interest at Adjusted Term SOFR Reference Rate of between 87
- Maturity
- three-year term loan, eighteen month term loan, three-year revolving credit facility
- Event
- incurrence
Exact text from the filing
On May 15, 2025 (the "Closing Date"), Ralliant Corporation, a Delaware corporation ("Ralliant") and wholly-owned subsidiary of Fortive Corporation, a Delaware corporation ("Fortive"), entered into a credit agreement (the "Credit Agreement") with a syndicate of banks, consisting of a three-year, $700 million senior unsecured delayed draw term loan facility (the "Three-Year Term Loan"), an eighteen month, $600 million senior unsecured delayed draw term loan facility (the "Eighteen Month Term Loan" and together with the Three-Year Term Loans, the "Term Loans") and a three-year, $750 million senior unsecured multi-currency revolving credit facility, including a $25 million sublimit for swingline loans and a $75 million sublimit for the issuance of letters of credit (the "Revolving Credit Facility" and, together with the Term Loans, the "Credit Facilities").
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