---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-364940"
form_type: "8-K"
ticker: "FTV"
cik: "0001659166"
company_name: "Fortive Corp"
filed_at: "2021-12-22T23:59:59+00:00"
generated_at: "2026-06-27T22:57:19.627902+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-21-364940
- form_type: 8-K
- ticker: FTV
- cik: 0001659166
- company_name: Fortive Corp
- filed_at: 2021-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1659166/000119312521364940/0001193125-21-364940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1659166/000119312521364940/d276123d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-364940
- JSON: https://secwatch.observer/filing/0001193125-21-364940.json
- Plain text: https://secwatch.observer/filing/0001193125-21-364940.txt

## Key facts
- Executive change
  Feroz Dewan resigned as Director at Fortive Corp.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1659166/000119312521364940/0001193125-21-364940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.