WASHINGTON, Dec. 1, 2021 /PRNewswire/ -- Danaher Corporation
(NYSE: DHR) ("Danaher") announced today that it has priced an
offering of $1,000,000,000 principal
amount of 2.800% senior notes due 2051 at an offering price of
99.396% of the principal amount (the "senior notes").
Danaher estimates that the net proceeds from the sale of the
senior notes in this offering will be approximately $984 million, after deducting the underwriting
discounts and estimated offering expenses payable by Danaher.
Danaher intends to use the net proceeds of this offering to redeem
all of the outstanding 2.500% Senior Notes due 2025 (the "2025
notes") issued by DH Europe Finance S.à r.l., Danaher's
wholly-owned subsidiary, and for general corporate purposes, which
may include, without limitation and in Danaher's sole discretion,
refinancing of outstanding indebtedness, working capital, capital
expenditures and satisfaction of other obligations. The offering is
expected to close on December 10,
2021, subject to customary closing conditions.
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 by calling BofA Securities, Inc., toll-free at
1-800-294-1322, Citigroup Global Markets Inc., toll-free at
1-800-831-9146, Deutsche Bank Securities Inc., toll-free at
1-800-503-4611, MUFG Securities Americas Inc., toll-free at
1-877-649-6848 or Santander Investment Securities Inc., toll-free
at 1-855-403-3636.
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 the demanding and attractive health
care, environmental and applied end-markets. With more than 20
operating companies, Danaher's globally diverse team of
approximately 69,000 associates is united by a common culture and
operating system, the Danaher Business System, and its Shared
Purpose, Helping Realize Life's Potential.
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, the redemption of the 2025
notes 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, developments and business decisions 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 2020 Annual Report on
Form 10-K and Danaher's Quarterly Report on Form 10-Q for the third
quarter of 2021. These forward-looking statements speak only as of
the date of this release and except to the extent required by
applicable law, Danaher does 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