Danaher unit Veralto issues $2.1B notes plus €500M; Danaher guarantee ends at spin-off

DANAHER CORP /DE/

Veralto issued $700M 5.5% notes due 2026, $700M 5.35% notes due 2028, $700M 5.45% notes due 2033.
Also issued €500M 4.15% senior notes due 2031.
Danaher fully and unconditionally guarantees the notes; guarantee terminates upon Veralto spin-off.
If spin-off not completed by March 29, 2024, notes must be redeemed at 101% of principal plus interest.
Interest on USD notes paid semi-annually; on euro notes paid annually.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DANAHER CORP /DE/ entered into Euro Guarantee Agreement with holders of the Euro Notes and the Trustee (effective 2023-09-19).

Action: entry
Agreement: notes offering
Counterparty: holders of the Euro Notes and the Trustee
Effective: 2023-09-19

Exact text from the filing

The Company has fully and unconditionally guaranteed the Euro Notes (the "Euro Guarantee") pursuant to a guarantee agreement, dated as of September 19, 2023 (the "Euro Guarantee Agreement"), in favor of the holders of the Euro Notes and the Trustee.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DANAHER CORP /DE/ entered into USD Indenture with Deutsche Bank Trust Company Americas valued at $700,000,000 aggregate principal amount of 5.500% senior notes due 2026, $700,000,000 aggregate prin (effective 2023-09-18).

Action: entry
Agreement: notes offering
Counterparty: Deutsche Bank Trust Company Americas
Value: $700,000,000 aggregate principal amount of 5.500% senior notes due 2026, $700,000,000 aggregate prin
Effective: 2023-09-18

Exact text from the filing

The USD Notes were issued under an indenture dated as of September 18, 2023 (the "USD Indenture") between Veralto and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the "Trustee").

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DANAHER CORP /DE/ entered into USD Guarantee Agreement with holders of the USD Notes and the Trustee (effective 2023-09-18).

Action: entry
Agreement: notes offering
Counterparty: holders of the USD Notes and the Trustee
Effective: 2023-09-18

Exact text from the filing

The Company has fully and unconditionally guaranteed the USD Notes (the "USD Guarantees") pursuant to a guarantee agreement, dated as of September 18, 2023 (the "USD Guarantee Agreement"), in favor of the holders of the USD Notes and the Trustee.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DANAHER CORP /DE/ entered into Euro Indenture with Veralto and the Trustee valued at €500,000,000 aggregate principal amount of 4.150% senior notes due 2031 (effective 2023-09-19).

Action: entry
Agreement: notes offering
Counterparty: Veralto and the Trustee
Value: €500,000,000 aggregate principal amount of 4.150% senior notes due 2031
Effective: 2023-09-19

Exact text from the filing

The Euro Notes were issued under an indenture dated as of September 19, 2023 (the "Euro Indenture") between Veralto and the Trustee.

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

DANAHER CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001140361-23-044482

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