Veralto Corporation (NYSE:VLTO) priced an offering of $725 million in senior notes due 2032 at a 4.850% interest rate, the company announced.
The notes were priced at 99.996% of the principal amount. The offering is expected to close on or about June 1, 2026, subject to customary conditions. Interest will be paid semi-annually.
Net proceeds are estimated at approximately $720.6 million. Veralto intends to use the funds for general corporate purposes, including refinancing debt, working capital, and capital expenditures.
BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities are joint book-running managers.
The offering is made under an effective registration statement filed with the SEC on October 24, 2024.
Veralto, headquartered in Waltham, Massachusetts, provides technology solutions in water, food safety, and essential goods.
