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Danaher Replaces Previous $5B Credit Facility with New $2.5B Facility

NEW YORK – In documents filed with the US Securities and Exchange Commission on Wednesday, Danaher disclosed it entered into a new $2.5 billion 364-day revolving credit facility with Bank of America as administrative agent on June 5.

The new facility, which expires on June 5, 2021, replaces Danaher's existing $5 billion revolving credit facility, which it entered into on August 27 2019. There were no outstanding amounts under the 2019 facility when it was replaced.

Under the facility, Danaher can convert any outstanding loans when the new credit facility expires into term loans due one year after the scheduled termination date after paying a .75 percent fee. 

In the SEC documents, Washington, DC-based Danaher said it intends to use the credit facility for liquidity support for the firm's US and European commercial paper programs and for general corporate purposes.

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