Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Fortive Corp incurred term loan of aggregate principal amount of $1.3 billion with Sumitomo Mitsui Banking Corporation at Term SOFR plus a margin of between 75 and 125 basis points maturing no later than December 12, 2024.
- Instrument
- term loan
- Principal
- aggregate principal amount of $1.3 billion
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Rate
- Term SOFR plus a margin of between 75 and 125 basis points
- Maturity
- no later than December 12, 2024
- Event
- incurrence
Exact text from the filing
entered into a term loan credit agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and a syndicate of lenders from time to time party thereto, which provides for a delayed-draw term loan facility in an aggregate principal amount of $1.3 billion
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Fortive Corp entered into Term Loan Credit Agreement with Sumitomo Mitsui Banking Corporation valued at delayed-draw term loan facility in aggregate principal amount of $1.3 billion (effective 2023-12-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Sumitomo Mitsui Banking Corporation
- Value
- delayed-draw term loan facility in aggregate principal amount of $1.3 billion
- Effective
- 2023-12-07
Exact text from the filing
On December 7, 2023 (the “ Closing Date ”), Fortive Corporation, a Delaware corporation (the “ Company ”), entered into a term loan credit agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and a syndicate of lenders from time to time party thereto, which provides for a delayed-draw term loan facility in an aggregate principal amount of $1.3 billion (the “ Term Loan Credit Agreement ”).
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