Danaher Discloses Senior Note Details in 8-K Filing

TL;DR

**Danaher just updated its debt profile, showing various senior notes with maturities stretching to 2049.**

AI Summary

Danaher Corporation filed an 8-K on January 8, 2024, to report on its financial condition and operations, specifically regarding various senior notes. The filing details several series of senior notes with different interest rates and maturity dates, including 1.7% Senior Notes due 2024, 0.2% Senior Notes due 2026, and 1.8% Senior Notes due 2049. This matters to investors because it provides transparency into Danaher's debt structure, which can impact its financial flexibility and future earnings, especially as some notes mature soon.

Why It Matters

Understanding Danaher's debt obligations, including interest rates and maturity dates, is crucial for investors to assess the company's financial health and future cash flow commitments.

Risk Assessment

Risk Level: low — This 8-K filing is purely informational, detailing existing debt instruments, and does not indicate new risks or significant changes to the company's financial standing.

Analyst Insight

A smart investor would review Danaher's upcoming earnings reports for details on how the company plans to manage the repayment or refinancing of its 1.7% Senior Notes due in 2024, as this could impact short-term cash flow.

Key Numbers

• 1.7% — Interest Rate (Senior Notes due 2024)
• 0.2% — Interest Rate (Senior Notes due 2026)
• 2.1% — Interest Rate (Senior Notes due 2026)
• 1.2% — Interest Rate (Senior Notes due 2027)
• 0.45% — Interest Rate (Senior Notes due 2028)
• 2.5% — Interest Rate (Senior Notes due 2030)
• 0.75% — Interest Rate (Senior Notes due 2031)
• 1.35% — Interest Rate (Senior Notes due 2039)

Key Players & Entities

• DANAHER CORPORATION (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Danaher Corporation
• Washington, D.C. (company) — location of Danaher Corporation's principal executive offices
• 001-08089 (dollar_amount) — Commission File Number
• 59-1995548 (dollar_amount) — IRS Employer Identification No.
• 202-828-0850 (dollar_amount) — Registrant's Telephone Number

Forward-Looking Statements

• Danaher will likely refinance or repay the 1.7% Senior Notes due 2024 as they approach maturity. (DANAHER CORPORATION) — high confidence, target: 2024-12-31
• The company's interest expense will remain relatively stable in the short term given the varied maturity dates of its senior notes. (DANAHER CORPORATION) — medium confidence, target: 2025-01-08

FAQ

From the Filing

0000313616-24-000004.txt : 20240108 0000313616-24-000004.hdr.sgml : 20240108 20240108162203 ACCESSION NUMBER: 0000313616-24-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240108 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240108 DATE AS OF CHANGE: 20240108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DANAHER CORP /DE/ CENTRAL INDEX KEY: 0000313616 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 591995548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08089 FILM NUMBER: 24520424 BUSINESS ADDRESS: STREET 1: 2200 PENNSYLVANIA AVE. N.W. STREET 2: SUITE 800W CITY: WASHINGTON STATE: DC ZIP: 20037-1701 BUSINESS PHONE: 2028280850 MAIL ADDRESS: STREET 1: 2200 PENNSYLVANIA AVE. N.W. STREET 2: SUITE 800W CITY: WASHINGTON STATE: DC ZIP: 20037-1701 FORMER COMPANY: FORMER CONFORMED NAME: DMG INC DATE OF NAME CHANGE: 19850221 8-K 1 dhr-20240108.htm 8-K dhr-20240108 False 0000313616 0000313616 2024-01-08 2024-01-08 0000313616 us-gaap:CommonStockMember 2024-01-08 2024-01-08 0000313616 dhr:A1.7SeniorNotesDue2024Member 2024-01-08 2024-01-08 0000313616 dhr:A0.2SeniorNotesDue2026Member 2024-01-08 2024-01-08 0000313616 dhr:A2.1SeniorNotesDue2026Member 2024-01-08 2024-01-08 0000313616 dhr:A1.2SeniorNotesDue2027Member 2024-01-08 2024-01-08 0000313616 dhr:A0.45SeniorNotesDue2028Member 2024-01-08 2024-01-08 0000313616 dhr:A2.5SeniorNotesDue2030Member 2024-01-08 2024-01-08 0000313616 dhr:A0.75SeniorNotesDue2031Member 2024-01-08 2024-01-08 0000313616 dhr:A1.35SeniorNotesDue2039Member 2024-01-08 2024-01-08 0000313616 dhr:A1.8SeniorNotesDue2049Member 2024-01-08 2024-01-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 8-K __________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 8, 2024 __________________ DANAHER CORPORATION (Exact Name of Registrant as Specified in Its Charter) __________________ Delaware 001-08089 59-1995548 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 2200 Pennsylvania Avenue, N.W.,   20037-1701 Suite 800W Washington, DC (Address of Principal Executive Offices)   (Zip Code) 202 - 828-0850 (Registrant’s Telephone Number, Including Area Code) Not applicable (Former Name or Former Address, if Changed Since Last Report) __________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value DHR New York Stock Exchange 1.700% Senior Notes due 2024 DHR 24 New York Stock Exchange 0.200% Senior Notes due 2026 DHR/26 New York Stock Exchange 2.100% Senior Notes due 2026 DHR 26 New York Stock Exchange 1.200% Senior Notes due 2027 DHR/27 New York Stock Exchange 0.450% Senior Notes due 2028 DHR/28 New York Stock Exchange 2.500% Senior Notes due 2030 DHR 30 New York Stock Exchange 0.750% Senior Notes due 2031 DHR/31 New York Stock Exchange 1.350% Senior Notes