Danaher Corporation (NYSE: DHR) and Fortive Corporation announced today, in connection with the planned spin-off of Fortive from Danaher, that Fortive has priced the previously announced offering of an additional $200 million aggregate principal amount of 4.300% senior notes due 2046 (the "additional 2046 notes"). On June 6, 2016, Fortive agreed to issue $350 million aggregate principal amount of 4.300% senior notes due 2046 (the "prior 2046 notes" and together with the additional 2046 notes, the "2046 notes") pursuant to a private offering. The additional 2046 notes to be issued in this offering and the previously priced prior 2046 notes will be treated as a single class of notes under the indenture governing such 2046 notes and all such 2046 notes are expected to be issued on June 20, 2016, subject to customary closing conditions. The additional 2046 notes will be fungible with the prior 2046 notes. Danaher will guarantee the 2046 notes until the spin-off occurs. The 2046 notes will pay interest on a semi-annual basis. Fortive intends to use the net proceeds from the sale of the additional 2046 notes to make payments to Danaher as consideration for the contribution of assets to Fortive by Danaher in connection with the separation, and to pay related fees and expenses and for general corporate purposes. Fortive expects that the net proceeds of the additional 2046 notes will reduce incrementally other types of indebtedness Fortive had anticipated incurring to fund such payments.