Thermo Fisher Updates Senior Notes Debt Profile in 8-K Filing

TL;DR

**TMO just updated its debt schedule, showing a range of senior notes due through 2049.**

AI Summary

Thermo Fisher Scientific Inc. filed an 8-K on January 31, 2024, primarily to update its financial condition regarding various senior notes. The filing lists numerous senior notes with interest rates ranging from 0.125% to 3.650% and maturity dates spanning from 2024 to 2049. This matters to investors because it provides transparency on the company's long-term debt obligations, which can impact future earnings and financial flexibility.

Why It Matters

This filing provides a snapshot of Thermo Fisher's long-term debt structure, which is crucial for assessing its financial health and future interest payment obligations.

Risk Assessment

Risk Level: low — This 8-K is a routine update on existing debt instruments and does not indicate any new, significant financial risks or changes.

Analyst Insight

A smart investor would review the company's full financial statements to understand the total debt burden and its impact on cash flow, especially considering the varying interest rates and maturity schedules.

Key Numbers

• 0.75% — interest rate (Senior Notes due 2024)
• 0.125% — interest rate (Senior Notes due 2025)
• 3.650% — interest rate (Senior Notes due 2034)
• 2024 — maturity year (earliest senior notes maturity)
• 2049 — maturity year (latest senior notes maturity)

Key Players & Entities

• THERMO FISHER SCIENTIFIC INC. (company) — the registrant filing the 8-K
• January 31, 2024 (date) — date of earliest event reported and filing date
• Delaware (company) — state of incorporation for Thermo Fisher Scientific Inc.
• 168 Third Avenue Waltham, Massachusetts 02451 (company) — principal executive offices of Thermo Fisher Scientific Inc.
• 781-622-1000 (person) — business phone number for Thermo Fisher Scientific Inc.

Forward-Looking Statements

• Thermo Fisher will continue to manage its debt obligations effectively, with no immediate refinancing risks indicated by this filing. (THERMO FISHER SCIENTIFIC INC.) — high confidence, target: 2025-01-31

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 par value TMO New York Stock Exchange

Filing Documents

• tmo-20240131.htm (8-K) — 46KB
• q42023earnings8kex99_1.htm (EX-99.1) — 421KB
• logo.jpg (GRAPHIC) — 3KB
• 0000097745-24-000003.txt ( ) — 762KB
• tmo-20240131.xsd (EX-101.SCH) — 6KB
• tmo-20240131_def.xml (EX-101.DEF) — 22KB
• tmo-20240131_lab.xml (EX-101.LAB) — 49KB
• tmo-20240131_pre.xml (EX-101.PRE) — 23KB
• tmo-20240131_htm.xml (XML) — 15KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 31, 2024, the Registrant announced its financial results for the fiscal quarter and year ended December 31, 2023. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference. The information contained in this report and exhibits hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated January 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THERMO FISHER SCIENTIFIC INC. Date: January 31, 2024 By: /s/ Joseph R. Holmes Joseph R. Holmes Vice President and Chief Accounting Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR