VLTO Veralto Corp
Price Chart
Executive Summary
Veralto Corp entered into an underwriting agreement to issue $725M aggregate principal amount of 4.850% senior notes due 2032, priced at 99.996% of par, with net proceeds of ~$720.6M for general corporate purposes including potential refinancing. The notes are issued under a new indenture with Deutsche Bank Trust Company Americas as trustee. This debt capital markets transaction follows two 424B5 filings from the prior week (May 27-28, 2026) that collectively raised ~$725M in senior notes, increasing pro forma total indebtedness to ~$3.39B from ~$2.66B as of April 3, 2026.
Key Financial Metrics
Actionable Insight
This is a routine investment-grade debt issuance by a well-capitalized issuer. Monitor for any M&A announcement that may be funded by these proceeds, as the timing (within 8 days of the prior 424B5) suggests coordinated capital markets activity. No immediate equity impact.
Key Facts
- $725M aggregate principal amount of 4.850% senior notes due 2032 issued
- Issue price of 99.996% of principal amount; net proceeds ~$720.6M
- Notes mature January 15, 2032; interest payable semi-annually on Jan 15 and Jul 15 starting Jan 15, 2027
- Make-whole call at Treasury +15bps prior to Dec 15, 2031; par call on or after Dec 15, 2031
- Ratings: Moody's Baa1 (Stable), S&P BBB (Stable)
- Indenture dated June 1, 2026 with Deutsche Bank Trust Company Americas as trustee
- Pro forma outstanding indebtedness increases to ~$3.39B from ~$2.66B (per prior 424B5 context)
- No equity dilution; no change to common stock fundamentals
Financial Impact
Increases total debt by ~$725M to ~$3.39B pro forma; net proceeds ~$720.6M for general corporate purposes including potential refinancing
Risk Factors
- Increased leverage from ~$2.66B to ~$3.39B pro forma outstanding debt
- Higher annual interest expense from the 4.850% coupon
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001967680-26-000034 |
| Exhibit: ex11-veraltoxunderwritin.htm | 0001967680-26-000034 |
| Document: veralto-formtx1ex251with.htm | 0001967680-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
11d ago
|
8-K
| $82.43 $84.67 | ▲ +2.72% | ▲ +3.44% | $83.36 (+1.13%) |
|
May 28, 2026
15d ago
|
424B5
| $82.23 $83.60 | ▲ +1.67% | ▲ +1.41% | $83.36 (+1.37%) |
|
May 27, 2026
16d ago
|
424B5
| $84.46 $83.48 | ▼ −1.16% | ▼ −1.71% | $83.36 (−1.30%) |
|
Apr 28, 2026
6w ago
|
8-K
| $89.47 $88.20 | ▼ −1.42% | ▼ −2.44% | $83.36 (−6.83%) |
|
Mar 30, 2026
10w ago
|
144
| $88.42 $88.06 | ▼ −0.41% | ▼ −1.15% | $83.36 (−5.72%) |
|
Mar 27, 2026
11w ago
|
DEFA14A
| $84.90 $85.88 | ▲ +1.15% | ▲ +1.51% | $83.36 (−1.82%) |
US Market Status
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