Fortive Corporation
Fortive Corporation Announces €1.2 Billion Notes Offering to Refinance Indebtedness
Summary
On February 13, 2024, Fortive Corporation completed the issuance of €500 million aggregate principal amount of 3.700% Notes due 2026 and €700 million aggregate principal amount of 3.700% Notes due 2029. The offering was made to refinance outstanding indebtedness and for general corporate purposes, following the acquisition of EA Elektro-Automatik Holding GmbH. The notes issuance included an Indenture and a Supplemental Indenture, both dated February 13, 2024, and an Underwriting Agreement dated February 8, 2024, with BNP Paribas and Morgan Stanley & Co. International plc as managers.
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Exhibits (4)
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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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