Fortive enters $2.0B revolver and $1.0B term loan agreements; extends maturity to 2027

Fortive Corp

$2.0B unsecured revolver matures Oct 18, 2027; includes two one-year extension options and a $1.0B increase option.
$1.0B 364-day delayed-draw term loan; ticking fee of 0.10% on commitments; no borrowings on closing date.
Interest rates: Term SOFR plus 68.5-110 bps (revolver) and 82.5-107.5 bps (term loan) based on credit ratings.
Sustainability-linked pricing adjustments: up to 0.04% on interest and 0.01% on facility fees for carbon emission reduction.
Financial covenant: Consolidated Net Leverage Ratio ≤ 3.50x; steps to 4.00x for four quarters after acquisitions >$250M.

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