secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001193125-21-364940
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000119312521364940/0001193125-21-364940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000119312521364940/d276123d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-364940

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