debt
confidence high
sentiment neutral
materiality 0.60
Vontier enters $600M senior unsecured term loan facility with two-year maturity
Vontier Corp
- Two-year $600M delayed draw term loan facility; drawn on or before 90 days after closing.
- Eurodollar loans bear interest at LIBOR plus 0.75% to 0.875% per annum, depending on debt rating.
- Base rate loans bear interest at the highest of Federal Funds Rate+0.5%, Bank of America prime rate, or LIBOR+1%.
- Two wholly-owned subsidiaries guarantee the obligations under the facility.
- Proceeds used for general corporate purposes.