secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-033829
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortive issues €1.2B in 3.700% notes to refinance acquisition-related debt
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- Issued €500M 3.700% notes due Feb 2026 and €700M 3.700% notes due Aug 2029.
- Net proceeds to refinance term loan and commercial paper borrowings tied to EA Elektro-Automatik acquisition.
- Notes are unsecured, rank equally with existing unsecured debt; not guaranteed.
- Change of control triggering event requires repurchase at 101% of principal plus accrued interest.
- 2026 notes redeemable at make-whole; 2029 notes redeemable at make-whole before July 15, 2029, thereafter at par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000119312524033829/0001193125-24-033829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000119312524033829/d774582d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-033829

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