WASHINGTON, June 20, 2017 /PRNewswire/ -- Danaher Corporation
(NYSE: DHR) ("Danaher") announced today that its wholly-owned
subsidiary, DH Europe Finance S.A. ("Danaher International"), has
priced an offering of:
- €250 million principal amount of floating rate senior notes due
2022 at an offering price of 100.147% of the principal amount;
and
- €600 million principal amount of 1.200% senior notes due 2027
at an offering price of 99.682% of the principal amount.
Danaher estimates that the net proceeds from the sale of the
notes in this offering will be approximately €845 million
(approximately $946 million), after
deducting the underwriting discounts and estimated offering
expenses payable by Danaher. Danaher anticipates using
approximately $560 million of the net
proceeds to repay all of the outstanding €500 million aggregate
principal amount of Danaher International's Floating Rate Senior
Notes due 2017, which mature on June 30,
2017, and to pay accrued and unpaid interest, fees and
expenses associated with the repayment. Danaher anticipates using
the remainder of the net proceeds from the offering to repay
outstanding commercial paper and for general corporate purposes.
The senior notes will be fully and unconditionally guaranteed on a
senior unsecured basis by Danaher. The offering is expected to
close on June 30, 2017.
The offering is being made pursuant to an effective shelf
registration statement on file with the U.S. Securities and
Exchange Commission.
The offering of senior notes may be made only by means of a
prospectus and prospectus supplement. A copy of the
prospectus and prospectus supplement relating to the securities can
be obtained from BNP Paribas at 10 Harewood Avenue, London NW1 6AA, United Kingdom, Attention: Fixed Income
Syndicate, Phone: 1-800-854-5674; Merrill Lynch International at 2
King Edward Street, London EC1A 1HQ, United Kingdom, Attention: Syndicate Desk,
Phone: 1-800-294-1322; or Deutsche Bank AG, London Branch at Winchester House, 1 Great
Winchester Street, London EC2N
2DB, United Kingdom, Attention:
GRS, Phone: 1-800-503-4611.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, the senior notes or any other
securities, nor shall there be any offer, solicitation or sale of
any security mentioned in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
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 some
of the most demanding and attractive industries, including health
care, environmental and industrial. With more than 20 operating
companies, Danaher's globally diverse team of over 62,000
associates is united by a common culture and operating system, the
Danaher Business System. For more information, please visit
www.danaher.com.
FORWARD-LOOKING STATEMENTS
Statements in this release
that are not strictly historical, including the statements
regarding the offering of the senior notes, the anticipated use of
proceeds and any other statements regarding events or developments
that we believe or anticipate will or may occur in the future, may
be "forward-looking statements" within the meaning of the federal
securities laws. There are a number of important factors that could
cause actual events to differ materially from those suggested or
indicated by such forward-looking statements and you should not
place undue reliance on any such forward-looking statements.
Additional information regarding the factors that may cause actual
results to differ materially from these forward-looking statements
is available in Danaher's SEC filings, including Danaher's 2016
Annual Report on Form 10-K and Danaher's Quarterly Report on Form
10-Q for the first quarter of 2017. These forward-looking
statements speak only as of the date of this release and Danaher
and Danaher International do not assume any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events and developments or otherwise.
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SOURCE Danaher Corporation