8-KOther EventsExhibits & Filings

DANAHER CORP /DE/ 8-K Report, Corporate Update (Dec 11, 2007)

Filed December 11, 2007For Securities:DHR

Summary

Danaher Corporation (DHR) filed an 8-K on December 10, 2007, reporting on the closing of a public offering of $500 million aggregate principal amount of 5.625% senior notes due 2018. The offering, which closed on December 11, 2007, is expected to provide the company with net proceeds of approximately $493.4 million after expenses. These senior notes were issued under an indenture and a supplemental indenture entered into with The Bank of New York Trust Company, N.A. as Trustee. The transaction was facilitated through a purchase agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities Inc., and UBS Securities LLC acting as underwriters. The net proceeds from this offering will likely be used to fund corporate initiatives, investments, or general corporate purposes, though the specific use is not detailed in this filing.

Key Highlights

  • 1Danaher Corporation issued $500 million in 5.625% senior notes due 2018.
  • 2The offering closed on December 11, 2007.
  • 3The company anticipates net proceeds of approximately $493.4 million after expenses.
  • 4The notes were issued under an Indenture with The Bank of New York Trust Company, N.A. as Trustee.
  • 5Merrill Lynch, J.P. Morgan, and UBS acted as underwriters for the offering.
  • 6The filing includes the Purchase Agreement, Indenture, Supplemental Indenture, and legal opinions as exhibits.

Frequently Asked Questions

This 8-K filing was primarily to report on Danaher Corporation's completion of a public offering of $500 million in senior notes due 2018 and to provide related documentation such as the purchase agreement and indentures.

Danaher Corporation raised $500 million in aggregate principal amount from the sale of these senior notes. After accounting for expenses, the company expects to receive net proceeds of approximately $493.4 million.

The senior notes carry a fixed interest rate of 5.625% and mature in 2018.

The filing does not specify the exact use of the net proceeds. Typically, funds raised from such debt offerings are used for general corporate purposes, working capital, capital expenditures, acquisitions, or refinancing existing debt.