debt
confidence high
sentiment neutral
materiality 0.55
Danaher subsidiary Veralto prices $2.1B USD notes and €500M Euro notes for separation financing
DANAHER CORP /DE/
- Veralto (subsidiary) to sell $700M 5.5% notes due 2026, $700M 5.35% notes due 2028, $700M 5.45% notes due 2033.
- Also sells €500M 4.15% senior notes due 2031.
- Danaher guarantees the notes until planned spin-off of Veralto completes.
- Proceeds to pay Danaher as partial consideration for asset contribution in separation.
- USD notes close Sept 18, 2023; Euro notes close Sept 19, 2023.