Danaher Prices Reopening Of Euro-Denominated Senior Notes

4/5/20

Danaher Corporation (NYSE: DHR) announced today that it has priced a reopening of:

  • €150,000,000 principal amount of additional 1.700% senior notes due 2024 at an offering price of 100.298% of the principal amount, plus accrued interest from and including March 30, 2020 (upon closing of this notes offering, Danaher will have outstanding an aggregate of €900,000,000 principal amount of 1.700% senior notes due 2024);
  • €300,000,000 principal amount of additional 2.100% senior notes due 2026 at an offering price of 100.842% of the principal amount, plus accrued interest from and including March 30, 2020 (upon closing of this notes offering, Danaher will have outstanding an aggregate of €800,000,000 principal amount of 2.100% senior notes due 2026); and
  • €300,000,000 principal amount of additional 2.500% senior notes due 2030 at an offering price of 102.166% of the principal amount, plus accrued interest from and including March 30, 2020 (upon closing of this notes offering, Danaher will have outstanding an aggregate of €800,000,000 principal amount of 2.500% senior notes due 2030).


Each series of new senior notes will have the same terms, other than issue date and issue price, as the outstanding senior notes, which Danaher issued on March 30, 2020. They will also have the same ISIN and Common Code numbers and will trade interchangeably with each respective series of outstanding senior notes.

Danaher estimates that the net proceeds from the sale of the new senior notes in the reopening will be approximately €753.7 million, after deducting the underwriting discounts and estimated offering expenses payable by Danaher. Danaher anticipates using the net proceeds for general corporate purposes, which may include repayment of a portion of its outstanding commercial paper borrowings as they mature and/or repayment of amounts borrowed under its revolving credit facilities. The offering is expected to close on April 8, 2020, subject to customary closing conditions.

ABOUT DANAHER

Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danaher's globally diverse team of approximately 67,000 associates is united by a common culture and operating system, the Danaher Business System, and its Shared Purpose, Helping Realize Life's Potential.

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