WilmerHale recently represented Danaher Corporation (Danaher) and its subsidiary, Veralto Corporation (Veralto), in multiple transactions in obtaining financing for Veralto in connection with its spin-off from Danaher. Veralto was previously Danaher’s Environmental and Applied Solutions segment. WilmerHale representations included:
- Danaher and Veralto in Veralto’s issuance of $700 million aggregate principal amount of 5.500% Senior Notes due 2026, $700 million aggregate principal amount of 5.350% Senior Notes due 2028, $700 million aggregate principal amount of 5.450% Senior Notes due 2033 and €500 million aggregate principal amount of 4.150% Senior Notes due 2031;
- Veralto in its establishment of a $1.5 billion US dollar commercial paper program; and
- Veralto, as borrower, in a $1.5 billion revolving credit facility, which will be available as liquidity support for Veralto’s commercial paper program.
The full WilmerHale team includes Justin Ochs, Molly Fox, Alex Bahn, Brandt Tierney, Julie Hogan Rodgers, Timothy Silva, Andrew Langworthy, Benjamin Kelsey, Alex Dean, Katharine Patterson, Ryan Lombardo, Ben Lobley and Meghan McDuff.