Fortive entered into a third amended and restated credit agreement on March 17, 2026 with Bank of America, N.A. as administrative agent, providing for a 5-year revolving credit facility in an aggregate principal amount not to exceed $2.0 billion. The company said it did not borrow any funds on the closing date.

1. 01

   Fortive entered into a third amended and restated credit agreement on March 17, 2026 with Bank of America, N.A. as administrative agent, providing for a 5-year revolving credit facility in an aggregate principal amount not to exceed $2.0 billion. The company said it did not borrow any funds on the closing date.

2. 02

   The company said the agreement extends the availability period of the revolving credit facility from October 18, 2027 to March 17, 2031, with up to two 1-year extension options at the request of the company and with the consent of the lenders. It also includes an increase option of up to $1.0 billion.

3. 03

   Fortive said Term SOFR Loans denominated in U.S. Dollars bear interest at Term SOFR plus a margin of 69 to 110 basis points (depending on the company's long-term debt credit rating), and the company is required to pay a per annum facility fee of 6 to 15 basis points based on aggregate revolving credit commitments, regardless of usage. The company said the interest rate floor is 0.0%.

4. 04

   The company said it must maintain a Consolidated Net Leverage Ratio of 3.75 to 1.00 or less, provided that the maximum Consolidated Net Leverage Ratio will be increased to 4.25 to 1.00 for 4 consecutive full fiscal quarters immediately following the consummation of any acquisition in which the purchase price exceeds $250 million. The company said the Consolidated Net Leverage Ratio will be tested beginning with the fiscal quarter ending March 31, 2026.

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Original filing

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