Company: DHR
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000313616-25-000182
Chunk: 97

Company: DANAHER CORP /DE/
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 97
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ominated commercial paper programs.  The Company’s $5.0 billion unsecured, multi-year revolving credit facility with a syndicate of banks that expires on August 11, 2028 (the “Credit Facility”) is available for direct borrowings and provides credit support for the commercial paper programs.  For a description of the Credit Facility, refer to the Company’s 2024 Annual Report.  As of September 26, 2025, the Company has classified approximately $2.6 billion of its borrowings outstanding under the euro-denominated commercial paper programs and the 2026 Biopharma Euronotes as long-term debt in the accompanying Consolidated Condensed Balance Sheet (even though such borrowings are scheduled to mature within one year of September 26, 2025) as the Company had the intent and ability, as supported by availability under the Credit Facility, to refinance these borrowings for at least one year from the balance sheet date. 

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As of September 26, 2025, borrowings outstanding under the Company’s euro-denominated commercial paper program had a weighted average annual interest rate of 2.2% and a weighted average remaining maturity of approximately 27 days.  There were no borrowings outstanding under the U.S. dollar-denominated commercial paper program as of September 26, 2025.Long-Term Debt RepaymentsOn September 15, 2025, the Company repaid the $500 million aggregate principal amount of the 2025 U.S. Notes upon their maturity using available cash and proceeds from the issuance of commercial paper. 2025 Debt IssuancesOn October 10, 2025, Danaher Switzerland, a wholly-owned finance subsidiary of the Company, completed an underwritten offering of Swiss franc-denominated bonds due 2027, 2029, 2033, 2037 and 2045 (collectively the “Swiss Bonds”).  The following summarizes the key terms of the offering in aggregate: Aggregate Principal Amount (in millions)Stated Annual Interest RateMaturity DateInterest Payment Dates (in arrears)2027 CHF Bonds CHF 2500.4773 %April 9, 2027April 92029 CHF BondsCHF 3250.8875 %October 10, 2029October 102033 CHF BondsCHF 3251.265 %October 10, 2033October 102037 CHF BondsCHF