Fortive enters $1B 364-day term loan facility, draws full amount

Fortive Corp

$1 billion delayed-draw term loan fully drawn at closing on Dec 16, 2021.
Interest based on LIBOR plus 60-80 bps margin, depending on credit rating.
Financial covenants: net leverage ratio ≤3.50 (4.00 after large acquisitions), interest coverage ≥3.50.
Director Feroz Dewan resigned effective Dec 31, 2021, for personal reasons, no disagreement.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Feroz Dewan

Director

FTV · Fortive Corp

Effective: 2021-12-31
Filed: December 22, 2021, 6:59 PM ET

On December 16, 2021, Feroz Dewan notified the Board of Director of the Company of his decision to resign as a director of the Company for personal reasons unrelated to the Company, with such resignation effective December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Feroz Dewan resigned as Director at Fortive Corp.

Action: resigned
Role: Director

Exact text from the filing

On December 16, 2021, Feroz Dewan notified the Board of Director of the Company of his decision to resign as a director of the Company for personal reasons unrelated to the Company, with such resignation effective December 31, 2021.

View on SEC.gov

Fortive Corp filing history →

Source: SEC EDGAR

accession 0001193125-21-364940

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.