secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001193125-22-265934
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000119312522265934/0001193125-22-265934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000119312522265934/d404734d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-265934

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