Danaher Prices $1B Offering of Senior Notes

Original from: Genomeweb

Danaher said late Wednesday that it has priced its offering of $1 billion principal amount of senior notes.

The 2.8 percent senior notes are due in 2051 and are being offered at a price of 99.396 percent of the principal amount, the Washington, D.C.-based conglomerate said. Net proceeds from the offering are expected to be about $984 million. Danaher intends to use the proceeds to redeem all outstanding 2.5 percent senior notes due in 2025 issued by DH Europe Finance, Danaher's wholly owned subsidiary, as well as for general corporate purposes. 

The offering is expected to close on Dec. 10.

Source: Danaher Prices $1B Offering of Senior Notes