NEW YORK (GenomeWeb) – Danaher today priced its $2 billion offering of senior notes.
The firm said that it anticipates net proceeds of $1.98 billion from the offering, which will be used to repay part of the commercial paper issued to finance a portion of Danaher's recent $13.8 billion acquisition of Pall.
As part of the offering, Danaher priced $500 million of principal amount of 1.650 percent senior notes due 2018 at 99.866 percent of the principal amount; $500 million principal amount of 2.4 percent senior notes due 2020 at 99.757 percent of the principal amount; $500 million principal amount of 3.350 percent senior notes due 2025 at 99.857 percent of the principal amount; and $500 million principal amount of 4.375 percent senior notes due 2045 at 99.784 percent of the principal amount.
The offering is expected to close on Sept. 15. Citigroup, Barclays, Jefferies, JP Morgan, Mitsubishi UFJ Financial Group, and Wells Fargo Securities were the joint book-running managers for the offering.