secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001104659-25-050497
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ralliant, Fortive subsidiary, enters $2.05B credit facility contingent on spin-off
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- $700M three-year and $600M eighteen-month senior unsecured delayed draw term loans, plus $750M revolver.
- Borrowings conditioned on completion of Ralliant's separation from Fortive via stock distribution.
- Interest on Term SOFR loans ranges from 87.5 to 162.5 bps plus SOFR adjustment; base rate loans from 0 to 62.5 bps over prime.
- Ralliant must maintain consolidated net leverage ratio of 3.50x or less (may rise to 4.00x for acquisitions over $100M).
- Proceeds partly fund cash distribution to Fortive for Precision Technologies asset transfer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000110465925050497/0001104659-25-050497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000110465925050497/tm2515504d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-050497

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