0001104659-26-061244
SEC filingFortive Corporation completed a $1.1 billion senior notes offering with 4.750% due 2031 and 5.250% due 2036 to refinance existing debt and for general corporate purposes.
Fortive Corporation executed a significant debt refinancing transaction through an underwritten public offering of $1.1 billion in senior notes, replacing shorter-term 3.150% notes maturing in June 2026 with longer-dated 2031 and 2036 maturities at higher coupon rates of 4.750% and 5.250%. This extends the company's debt maturity profile while maintaining unsecured status with pari passu ranking. The notes feature standard make-whole redemption provisions prior to par call dates (April 15, 2031 for 2031 notes; February 15, 2036 for 2036 notes) and a change of control repurchase right at 101%. Covenants provide limitations on secured debt, sale-leasebacks, and fundamental changes, offering investor protections without guarantees. The transaction was facilitated under an existing S-3 shelf registration, with closing on May 14, 2026 following the May 12 underwriting agreement.