Veralto (VLTO) said late Wednesday it has priced an offering of $725 million of 4.850% senior notes due 2032 at an offering price of 99.996% of the principal amount.

The offering is expected to close on or about Monday, subject to closing conditions, the company said.

Veralto said it estimates that net proceeds from the sale of the notes will be about $720.6 million. It plans to use the net proceeds for general corporate purposes, the company added.