Danaher (NYSE: DHR) issues long-dated CHF senior notes for general purposes
Rhea-AI Filing Summary
Danaher Corporation has created new long-term debt through a private placement of multiple Swiss franc–denominated senior notes issued by wholly owned subsidiary DH Masi Finance Inc. and guaranteed by Danaher. The company sold CHF 119,500,000 of 1.65% Series A Notes due June 3, 2031 and CHF 137,410,000 of 1.88% Series B Notes due June 3, 2033, alongside larger tranches maturing between 2036 and 2056 at fixed interest rates ranging from 2.10% to 2.51% per year. Interest is payable semi-annually on June 3 and December 3, starting December 3, 2026. Net proceeds are expected to be used for general corporate purposes, including working capital, acquisitions and share repurchases.
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Negative
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Insights
Danaher adds long-dated CHF debt via privately placed senior notes.
Danaher and subsidiary DH Masi Finance Inc. issued several unsecured senior note series in Swiss francs to institutional investors under a note purchase and guaranty agreement. Fixed coupons range from 1.65% to 2.51%, with maturities from 2031 to 2056.
The notes are fully and unconditionally guaranteed by Danaher and include customary covenants and events of default, consistent with its existing credit facilities. This structure suggests alignment with the company’s broader debt framework while extending its maturity profile in a foreign currency.
Proceeds are earmarked for general corporate purposes, including working capital, acquisitions and share repurchases. Actual balance sheet and shareholder impacts will depend on how Danaher allocates these funds and how the new CHF obligations fit with future financing activities disclosed in subsequent filings.
8-K Event Classification
Key Figures
Key Terms
note purchase and guaranty agreement financial
senior notes financial
off-balance sheet arrangement financial
private placement financial
affirmative and negative covenants financial
unsecured obligations financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
Reference is made to the disclosure set forth under Item 8.01 below, which is incorporated herein by reference.
ITEM 8.01 OTHER EVENTS.
On June 3, 2026, Danaher Corporation, a Delaware corporation (the “Company”), and its wholly owned subsidiary DH Masi Finance Inc., a Delaware corporation (the “Issuer”), entered into a note purchase and guaranty agreement among the Company, the Issuer and the institutional accredited investors named therein (the “Note Purchase Agreement”), relating to the issuance and sale of (i) CHF 119,500,000 aggregate principal amount of the Issuer’s 1.65% Senior Notes, Series A due June 3, 2031 (the “Series A Notes”), (ii) CHF 137,410,000 aggregate principal amount of the Issuer’s 1.88% Senior Notes, Series B due June 3, 2033 (the “Series B Notes”), (iii) CHF 221,300,000 aggregate principal amount of the Issuer’s 2.10% Senior Notes, Series C due June 3, 2036 (the “Series C Notes”), (iv) CHF 372,660,000 aggregate principal amount of the Issuer’s 2.25% Senior Notes, Series D due June 3, 2038 (the “Series D Notes”), (v) CHF 648,010,000 aggregate principal amount of the Issuer’s 2.38% Senior Notes, Series E due June 3, 2041 (the “Series E Notes”), (vi) CHF 502,060,000 aggregate principal amount of the Issuer’s 2.51% Senior Notes, Series F due June 3, 2046 (the “Series F Notes”), and (vii) CHF 382,000,000 aggregate principal amount of the Issuer’s 2.50% Senior Notes, Series G due June 3, 2056 (the “Series G Notes” collectively with the Series A Notes, the Series B Notes, the Series C Notes, the Series D Notes, the Series E Notes and the Series F Notes, the “Notes”) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended. Closing of the issuance and sale of the Notes occurred on June 3, 2026. The net proceeds from the sale of the Notes are expected to be used for general corporate purposes of the Company and the Issuer (including working capital expenditures, acquisitions and share repurchases).
The Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants, events of default, prepayment and other standard terms and conditions, many of which are generally consistent with terms and conditions of the Company’s other debt obligations, including, but not limited to, those under its existing credit facilities.
The Series A Notes will mature on June 3, 2031 and bear a fixed interest rate of 1.65% per year. The Series B Notes will mature on June 3, 2033 and bear a fixed interest rate of 1.88% per year. The Series C Notes will mature on June 3, 2036 and bear a fixed interest rate of 2.10% per year. The Series D Notes will mature on June 3, 2038 and bear a fixed interest rate of 2.25% per year. The Series E Notes will mature on June 3, 2041 and bear a fixed interest rate of 2.38% per year. The Series F Notes will mature on June 3, 2046 and bear a fixed interest rate of 2.51% per year. The Series G Notes will mature on June 3, 2056 and bear a fixed interest rate of 2.50% per year. Interest on each series of Notes is payable semi-annually on June 3 and December 3 of each year, commencing December 3, 2026. The Notes are unsecured obligations of the Issuer and are fully and unconditionally guaranteed by the Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 3, 2026
| DANAHER CORPORATION |
| /s/ James F. O’Reilly |
| Name: James F. O’Reilly |
| Title: Senior Vice President, Secretary and Deputy General Counsel |