Fortive Corporation (NYSE: FTV) announced the pricing of a $1.1 billion senior notes offering, consisting of $600 million in 4.750% notes due 2031 and $500 million in 5.250% notes due 2036.

The 2031 notes will mature on May 15, 2031, while the 2036 notes will mature on May 15, 2036. Both series will pay interest semi-annually on May 15 and November 15, beginning November 15, 2026.

The company plans to use net proceeds to refinance certain debt, including repaying its 3.150% senior notes due June 15, 2026, along with accrued interest, and for general corporate purposes. The offering is expected to close around May 14, 2026, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. serve as joint book-running managers for the offering.

The notes are being issued under an effective shelf registration statement on Form S-3ASR previously filed with the Securities and Exchange Commission. The offering is being conducted through a prospectus supplement and accompanying prospectus.

Fortive, headquartered in Everett, Washington, operates through two strategic segments: Intelligent Operating Solutions and Advanced Healthcare Solutions. The company employs more than 10,000 people across approximately 50 countries worldwide.