WASHINGTON, Sept. 29, 2020 /PRNewswire/ -- Danaher
Corporation (NYSE: DHR) ("Danaher") announced today that it has
priced an offering of $1,000,000,000
principal amount of 2.600% senior notes due 2050 at an offering
price of 98.970% 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 $980 million, after deducting the underwriting
discounts and estimated offering expenses payable by Danaher.
Danaher intends to use the net proceeds of this offering 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 October 6, 2020, 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, Barclays Capital Inc., toll-free at 1-888-603-5847,
Goldman Sachs & Co. LLC, toll-free at 1-866-471-2526, Morgan
Stanley & Co. LLC, toll-free at 1-877-821-7388 or Wells Fargo
Securities, LLC, toll-free at 1-800-645-3751.
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 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.
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 2019 Annual Report on
Form 10-K and Danaher's Quarterly Reports on Form 10-Q for each of
the first and second quarters of 2020. These forward-looking
statements speak only as of the date of this release and 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.
View original
content:http://www.prnewswire.com/news-releases/danaher-announces-pricing-of-senior-notes-offering-301141496.html
SOURCE Danaher Corporation