Danaher Announces Redemption Of Senior Notes

Rhea-AI Summary

Danaher Corporation (NYSE:DHR) will redeem €800,000,000 of 2.500% Senior Notes due 2025. The redemption price includes the principal amount, a make-whole premium, and accrued interest. This action will occur on December 29, 2021. Danaher is a global technology innovator in health care and environmental markets, committed to solving complex challenges. With over 69,000 associates, the company maintains a strong operational culture based on the Danaher Business System.

Positive

• Redemption of €800,000,000 Senior Notes enhances financial stability.
• Avoids potential interest payment obligations moving forward.

Negative

• None.

WASHINGTON, Nov. 29, 2021 /PRNewswire/ -- Danaher Corporation (NYSE:DHR) ("Danaher") announced today that it will redeem all of the €800,000,000 aggregate principal amount of 2.500% Senior Notes due 2025 (NYSE: DHR/25) 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 December 29, 2021.

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 approximately 69,000 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 the redemption amount for Danaher's Senior Notes due 2025?

Danaher is redeeming €800,000,000 of 2.500% Senior Notes due 2025.

When is the redemption date for Danaher's Senior Notes?

The redemption date is December 29, 2021.

What does Danaher plan to do with the Senior Notes?

Danaher will redeem all of the Senior Notes, paying back the principal and any accrued interest.

What is the significance of redeeming the Senior Notes for Danaher?

Redeeming the Senior Notes enhances Danaher's financial stability by eliminating interest expenses.

What type of notes is Danaher redeeming?

Danaher is redeeming 2.500% Senior Notes issued by DH Europe Finance S.À R.L.