Danaher Announces Redemption Of Senior Notes

Rhea-AI Summary

On October 6, 2020, Danaher Corporation (NYSE:DHR) announced the redemption of all €800,000,000 1.700% Senior Notes due 2022. The redemption will occur on November 5, 2020, at a price equal to the principal amount plus a make-whole premium and accrued interest. Funding for this redemption will come from the proceeds of a recent senior notes offering. Danaher continues to focus on innovation across healthcare and environmental markets with over 67,000 associates globally.

Positive

• Redemption of €800 million Senior Notes could strengthen balance sheet.
• Funding through recent senior notes offering indicates strong capital management.

Negative

• None.

WASHINGTON, Oct. 6, 2020 /PRNewswire/ -- Danaher Corporation (NYSE:DHR) ("Danaher") announced today that it will redeem all of the €800,000,000 aggregate principal amount of 1.700% Senior Notes due 2022 (NYSE: DHR /22) issued by DH Europe Finance S.À R.L. and guaranteed by Danaher (the "Notes"), at a redemption price equal to the outstanding principal amount and a make-whole premium as specified in the indenture governing the Notes, plus accrued and unpaid interest.  The redemption date for the Notes will be November 5, 2020. Danaher intends to fund the redemption using a portion of the proceeds of its recent offering of senior notes.

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 more than 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.

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SOURCE Danaher Corporation

FAQ

What is Danaher Corporation's recent announcement regarding senior notes?

Danaher announced the redemption of €800 million Senior Notes due 2022 on October 6, 2020.

When will Danaher redeem its Senior Notes?

The redemption of the Senior Notes is scheduled for November 5, 2020.

How is Danaher financing the Senior Notes redemption?

Danaher intends to fund the redemption using proceeds from a recent offering of senior notes.

What is the total amount of Senior Notes Danaher is redeeming?

Danaher is redeeming a total of €800,000,000 in Senior Notes.

What interest rate is associated with the Senior Notes being redeemed?

The Senior Notes being redeemed have a 1.700% interest rate.