secwatch / observer
8-K filed February 13, 2024, 6:59 PM ET ticker FTV CIK 0001659166
debt confidence high sentiment neutral materiality 0.60

Fortive Corp (FTV): debt financing — Fortive issues €1.2B in 3.700% notes to refinance acquisition-related debt

Fortive Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Fortive Corp incurred senior notes of €500 million and €700 million with The Bank of New York Mellon Trust Company, N.A. at 3.700% maturing February 13, 2026 and August 15, 2029.

Instrument
senior notes
Principal
€500 million and €700 million
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Rate
3.700%
Maturity
February 13, 2026 and August 15, 2029
Event
incurrence
Exact text from the filing
On February 13, 2024, Fortive Corporation, a Delaware corporation (the “Company”), completed an offering (the “Offering”) of €500 million aggregate principal amount of its 3.700% Notes due 2026 (the “2026 notes”) and €700 million aggregate principal amount of its 3.700% Notes due 2029 (the “2029 notes” and, together with the 2026 notes, the “notes”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fortive Corp entered into Indenture with The Bank of New York Mellon Trust Company, N.A. valued at €500 million aggregate principal amount of its 3.700% Notes due 2026 and €700 million aggregate prin (effective 2024-02-13).

Action
entry
Agreement
notes offering
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Value
€500 million aggregate principal amount of its 3.700% Notes due 2026 and €700 million aggregate prin
Effective
2024-02-13
Exact text from the filing
In connection with the issuance of the notes, the Company entered into an Indenture, dated February 13, 2024 (the “Base Indenture”), between the Company, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), and a Supplemental Indenture No. 1, dated February 13, 2024 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company, as issuer, and the Trustee, which supplemented the Base Indenture.
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299 debt financings filed in the last 30 days. Browse all debt financings →

Fortive Corp filing history →

Source: SEC EDGAR
accession 0001193125-24-033829
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