Fortive Corporation
Ralliant Corporation Enters into Credit Agreement with Syndicate of Banks
Summary
On May 15, 2025, Ralliant Corporation, a subsidiary of Fortive Corporation, entered into a $2.05 billion credit agreement with a syndicate of banks, consisting of a three-year, $700 million senior unsecured delayed draw term loan facility, an eighteen month, $600 million senior unsecured delayed draw term loan facility, and a three-year, $750 million senior unsecured multi-currency revolving credit facility. The Credit Agreement is subject to the consummation of the separation of Ralliant from Fortive. Ralliant intends to use the net proceeds to fund a cash distribution to Fortive and for its ongoing working capital requirements.
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About Fortive Corporation
Fortive Corporation is a diversified industrial technology company that designs, develops, and markets essential products and software services. Operating across various sectors, its core function is to provide solutions that improve the efficiency, productivity, and quality of key processes in business and industry. Fortive's offerings are particularly vital in fields like transportation, healthcare, and water quality, reflecting its impact on critical infrastructure and safety systems. The company's diverse portfolio includes advanced sensing technologies, software tools for intelligent operating systems, and precision instrumentation. Fortive plays a significant role in the industrial market with its focus on solving complex challenges and achieving sustainable outcomes. Established as a spin-off from Danaher Corporation in 2016, Fortive continues to pursue strategic growth through innovation and acquisitions, consolidating its position as a leader in delivering essential technology-driven solutions worldwide.
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