Fortive Prices $1.1 Billion Senior Notes Offering

MT Newswires Live

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Fortive (FTV) priced a registered offering of $600 million of 4.750% senior notes due 2031 and $500 million of 5.250% senior notes due 2036, the company said Tuesday.

The notes will mature in May 2031 and May 2036, respectively, with semi-annual interest payments in arrears on May. 15 and Nov. 15, the company added.

Fortive Corporation said it plans to use the proceeds to refinance debt, including its 3.150% senior notes due June 2026, as well as for related expenses and general corporate purposes.

The offering is expected to close on or about May 14.

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