Fortive Corporation entered into a Third Amended and Restated Credit Agreement on March 17, 2026, providing a $2.0 billion revolving credit facility with multicurrency features, extending maturity from October 18, 2027 to March 17, 2031. No funds were borrowed on the Closing Date, with interest tied to Term SOFR plus 69-110 basis points based on credit rating.
Key takeaways
Entered Third Amended and Restated Credit Agreement dated March 17, 2026 with Bank of America, N.A. as administrative agent and syndicate of lenders.
$2.0 billion aggregate principal amount revolving credit facility, including multicurrency borrowing.
Maturity Date extended to March 17, 2031, with up to two one-year extension options.
Optional increase up to $1.0 billion additional principal amount.
Interest on Term SOFR Loans: Term SOFR plus 69-110 basis points depending on long-term debt credit rating.
Consolidated Net Leverage Ratio covenant of 3.75 to 1.00 or less, increasable to 4.25 to 1.00 post-$250 million acquisition.
No borrowings made on Closing Date March 17, 2026.