Veralto Secures $725M 4.85% Senior Notes Due 2032 with $720.6M Proceeds
VLTO•Veralto priced $725 million of 4.85% senior notes due 2032 at 99.996% of par, generating approximately $720.6 million of net proceeds. The deal is expected to close June 1 and proceeds will fund debt refinancing, working capital, capital expenditures and other corporate obligations.
1. Offering Details
Veralto priced $725 million of 4.850% senior notes maturing 2032 at 99.996% of par, generating gross proceeds of $725 million. The notes pay interest semi-annually and the offering is expected to close on or about June 1, 2026, subject to customary closing conditions.
2. Net Proceeds and Use of Funds
Net proceeds are estimated at approximately $720.6 million after underwriting discounts and before estimated expenses. Veralto intends to use the proceeds for refinancing outstanding indebtedness, working capital, capital expenditures and satisfying other corporate obligations.
3. Underwriting and Registration
BofA Securities, Citigroup Global Markets and J.P. Morgan Securities serve as joint book-running managers. The offering is being made under an effective Form S-3ASR registration statement and supplemented by prospectus filings, with final prospectus supplements to be filed before closing.
