WASHINGTON, Sept. 10, 2015 /PRNewswire/ -- Danaher
Corporation (NYSE: DHR) announced today that it has priced a public
offering of:
- $500 million principal amount of
1.650% senior notes due 2018 at an offering price of 99.866% of the
principal
amount;
- $500 million principal amount of
2.400% senior notes due 2020 at an offering price of 99.757% of the
principal amount;
- $500 million principal amount of
3.350% senior notes due 2025 at an offering price of 99.857% of the
principal amount; and
- $500 million principal amount of
4.375% senior notes due 2045 at an offering price of 99.784% of the
principal amount.
Danaher expects to receive net proceeds, after deducting
estimated expenses and the underwriters' discounts and commissions,
of approximately $1.98 billion.
Danaher anticipates using the net proceeds from the offering to
repay a portion of the commercial paper issued to finance a portion
of the purchase price for Danaher's recently closed acquisition of
Pall Corporation. The offering is expected to close on September 15, 2015, subject to customary closing
conditions.
Citigroup, Barclays, Jefferies, J.P. Morgan, MUFG and Wells
Fargo Securities are acting as joint book-running managers for the
offering.
The offering is being made pursuant to an effective shelf
registration statement on file with the U.S. Securities and
Exchange Commission (the "SEC").
The offering of senior notes may be made only by means of a
prospectus and prospectus supplement. Investors may obtain
these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, copies of the prospectus and
prospectus supplement relating to the securities can be obtained
from Citigroup at 1-800-831-9146; and from Barclays at
1-888-603-5847.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, the senior notes or any other
securities, nor shall there be any offer, solicitation or sale of
any security mentioned in this press release in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
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 some of the most demanding and
attractive industries, including health care, environmental and
industrial. The Company's globally diverse team of 80,000
associates is united by a common culture and operating system, the
Danaher Business System.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not strictly historical,
including the statements regarding the closing of the offering, the
anticipated use of proceeds and any other statements regarding
events or developments that we believe or anticipate will or may
occur in the future, may be "forward-looking" statements within the
meaning of the federal securities laws. There are a number of
important factors that could cause actual events to differ
materially from those suggested or indicated by such
forward-looking statements and you should not place undue reliance
on any such forward-looking statements. Additional information
regarding the factors that may cause actual results to differ
materially from these forward-looking statements is available in
our SEC filings, including Danaher's 2014 Annual Report on Form
10-K and Danaher's Quarterly Report on Form 10-Q for the second
quarter of 2015. These forward-looking statements speak only as of
the date of this release and Danaher does not assume any obligation
to update or revise any forward-looking statement, whether as a
result of new information, future events and developments or
otherwise.
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SOURCE Danaher Corporation