Danaher prices €3 billion euro-denominated senior notes offering

Danaher Corporation (NYSE: DHR) announced it has priced a €3 billion euro-denominated senior notes offering across four tranches with varying maturities and interest rates.

The offering consists of €500 million in floating rate senior notes due 2028 at par, €750 million in 3.250% senior notes due 2030 at 99.934% of principal, €750 million in 3.625% senior notes due 2034 at 99.918% of principal, and €1 billion in 4.000% senior notes due 2038 at 99.953% of principal.

The company estimates net proceeds of approximately €2.98 billion after deducting underwriting discounts and estimated offering expenses. Danaher stated it intends to use the proceeds to pay a portion of the cash consideration for its acquisition of Masimo Corporation and associated costs.

The company may also use proceeds for general corporate purposes including refinancing outstanding debt, working capital, capital expenditures and other obligations. The offering is expected to close on April 29, 2026, subject to customary closing conditions.

The notes are being offered under an effective shelf registration statement filed with the Securities and Exchange Commission. Citigroup Global Markets Limited, Merrill Lynch International, Barclays Bank PLC, Deutsche Bank AG London Branch, and Goldman Sachs & Co. LLC are serving as underwriters for the transaction.

The senior notes will not be offered to retail investors in the European Economic Area or the United Kingdom, according to the company's announcement.

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