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

Ticker: TMO · Form: 8-K · Filed: 2024-01-31T00:00:00.000Z

Sentiment: neutral

Topics: debt, financial-condition, senior-notes

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

What is the purpose of this 8-K filing by Thermo Fisher Scientific Inc.?

The 8-K filing by Thermo Fisher Scientific Inc. on January 31, 2024, is primarily to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits,' specifically detailing various senior notes and their maturity dates.

What is the earliest maturity date for the senior notes listed in the filing?

The earliest maturity date for the senior notes listed in the filing is 2024, specifically for the 'tmo:SeniorNotes0.75Due2024Member'.

What is the latest maturity date for the senior notes mentioned in the filing?

The latest maturity date for the senior notes mentioned in the filing is 2049, corresponding to the 'tmo:SeniorNotes1.875Due2049Member'.

Can you identify the range of interest rates for the senior notes disclosed in this 8-K?

The interest rates for the senior notes disclosed in this 8-K range from 0.125% (e.g., 'tmo:SeniorNotes0.125Due2025Member') to 3.650% (e.g., 'tmo:SeniorNotes3650Due2034Member').

What is Thermo Fisher Scientific Inc.'s state of incorporation and business address?

Thermo Fisher Scientific Inc.'s state of incorporation is Delaware, and its business address is 168 Third Avenue, Waltham, Massachusetts 02451.

From the Filing

0000097745-24-000003.txt : 20240131 0000097745-24-000003.hdr.sgml : 20240131 20240131060233 ACCESSION NUMBER: 0000097745-24-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240131 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THERMO FISHER SCIENTIFIC INC. CENTRAL INDEX KEY: 0000097745 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 042209186 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08002 FILM NUMBER: 24580487 BUSINESS ADDRESS: STREET 1: 168 THIRD AVENUE CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 7816221000 MAIL ADDRESS: STREET 1: 168 THIRD AVENUE CITY: WALTHAM STATE: MA ZIP: 02451 FORMER COMPANY: FORMER CONFORMED NAME: THERMO ELECTRON CORP DATE OF NAME CHANGE: 19920703 8-K 1 tmo-20240131.htm 8-K tmo-20240131 0000097745 FALSE 0000097745 2024-01-31 2024-01-31 0000097745 us-gaap:CommonStockMember 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes0.75Due2024Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes0.125Due2025Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes200Due2025Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes3200Due2026Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes1.40Due2026Member 2024-01-31 2024-01-31 0000097745 tmo:A1.45SeniorNotesDue2027Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes175Due2027Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes0.500Due2028Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes1.375Due2028Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes1.95Due2029Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes0.875Due2031Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes2375Due2032Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes3650Due2034Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes2.875Due2037Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes1.500Due2039Member 2024-01-31 2024-01-31 0000097745 tmo:SeniorNotes1.875Due2049Member 2024-01-31 2024-01-31 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 31, 2024 THERMO FISHER SCIENTIFIC INC. (Exact name of Registrant as specified in its Charter) Delaware 1-8002 04-2209186 (State of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 168 Third Avenue Waltham , Massachusetts 02451 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 781 ) 622-1000 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, $1.00 par value TMO New York Stock Exchange 0.750% Notes due 2024 TMO 24A New York Stock Exchange 0.125% Notes due 2025 TMO 25B New York Stock Exchange 2.000% Notes due 2025