€1,000,000,000 Floating Rate Senior Notes due 2027 (“Floating Rate Notes”)
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Issuer:
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Thermo Fisher Scientific (Finance I) B.V.
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Guarantor:
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Thermo Fisher Scientific Inc.
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Legal Format:
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SEC Registered
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Securities:
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Floating Rate Senior Notes due 2027
3.628% Senior Notes due 2035
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Expected Ratings (Moody’s / S&P / Fitch)*:
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A2 (Stable) / A- (Stable) / A- (Stable)
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Aggregate Principal Amount:
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Floating Rate Notes: €1,000,000,000
2035 Notes: €1,100,000,000
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Stated Maturity Date:
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Floating Rate Notes: December 1, 2027
2035 Notes: December 1, 2035
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Issue Price:
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Floating Rate Notes: 100.000% of the principal amount
2035 Notes: 100.000% of the principal amount
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Coupon (Interest Rate):
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Floating Rate Notes: 3-month EURIBOR plus 0.280% per annum, paid quarterly in arrears; provided that the minimum interest rate will be zero.
2035 Notes: 3.628% per annum, paid annually in arrears
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Mid-Swaps Yield:
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2035 Notes: 2.748%
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Spread to Mid-Swap:
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2035 Notes: +88 basis points
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Yield to Maturity:
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2035 Notes: 3.628%
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Benchmark Bund:
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2035 Notes: DBR 2.600% due August 2035
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Benchmark Bund Price / Yield:
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2035 Notes: €99.14 / 2.700%
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Spread to Benchmark Bund:
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2035 Notes: +92.8 basis points
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Interest Payment Dates:
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Floating Rate Notes: March 1, June 1, September 1 and December 1 of each year, beginning on March 1, 2026
2035 Notes: December 1 of each year, commencing on December 1, 2026
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Day Count Convention:
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Floating Rate Notes: Actual/360
2035 Notes: Actual/Actual (ICMA)
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Business Days:
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New York, London, T2
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Payment Business Day Convention:
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Floating Rate Notes: Modified following, unadjusted
2035 Notes: Following, unadjusted
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Make-Whole Call:
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2035 Notes: +15 basis points (prior to September 1, 2035)
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Par Call:
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2035 Notes: On or after September 1, 2035
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Trade Date:
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November 24, 2025
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Settlement Date:
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December 1, 2025
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Currency of Payment:
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All payments of principal of, and premium, if any, and interest on, the notes, including any payments made upon any redemption of the notes, will be made in euro. If the euro is unavailable to the issuer or,
in the case of the guarantees, the guarantor, due to the imposition of exchange controls or other circumstances beyond the issuer’s or the guarantor’s control or if the euro is no longer being used by the then member states of the European
Economic and Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the notes will be made in
U.S. dollars until the euro is again available to the issuer, or, in the case of the guarantees, the guarantor or so used.
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Payment of Additional Amounts:
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Subject to certain exceptions and limitations, the issuer and the guarantor may be required to pay as additional interest to certain holders of notes such amounts as may be necessary so that every net payment
on such holders’ notes after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge of whatever nature imposed upon, or as a result of, such payment by the Netherlands or the United
States (or any political subdivision or taxing authority thereof or therein), will not be less than the amount provided for in such holders’ notes to be then due and payable.
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Redemption for Tax Reasons:
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The issuer may redeem all, but not less than all, of a series of notes in the event of certain changes in the tax law of the Netherlands or the United States (or any political subdivision or taxing authority
thereof or therein) if, in the written opinion of independent counsel chosen by the issuer or the guarantor, there is a material probability that the issuer or the guarantor will become obligated to pay additional interest on such series of
notes as described above under “Payment of Additional Amounts.” The redemption would be at a redemption price equal to 100% of the principal amount of the notes to be redeemed, together with accrued and unpaid interest to, but not including,
the date fixed for redemption.
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Purchase of Notes Upon a Change of Control Triggering Event:
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Upon the occurrence of a Change of Control Triggering Event (as defined in the prospectus supplement related to the notes), with respect to either series of notes, the issuer may, in certain circumstances, be
required to make an offer to purchase such series of notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase.
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Denominations:
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€100,000 x €1,000
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ISIN / Common Code:
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Floating Rate Notes: XS3241801847 / 324180184
2035 Notes: XS3241802811 / 324180281
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Expected Listing:
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The issuer intends to apply to list the notes on the New York Stock Exchange. The listing application will be subject to approval by the New York Stock Exchange. Upon such listing, the issuer will use
commercially reasonable best efforts to maintain such listing and satisfy the requirements for such continued listing as long as the notes are outstanding.
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Trustee:
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The Bank of New York Mellon Trust Company, N.A.
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Paying Agent:
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The Bank of New York Mellon, London Branch
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Joint Book-Running Managers:
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Barclays Bank PLC
BNP PARIBAS
HSBC Continental Europe
Morgan Stanley & Co. International plc
Deutsche Bank Aktiengesellschaft
Goldman Sachs & Co. LLC
SMBC Bank EU AG
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Co-Managers:
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Academy Securities, Inc.
AmeriVet Securities, Inc.
Blaylock Van, LLC
BNY Mellon Capital Markets, LLC
BofA Securities Europe SA
Citigroup Global Markets Europe AG
ING Bank N.V. Belgian Branch
J.P. Morgan SE
KeyBanc Capital Markets Inc.
Loop Capital Markets LLC
Mizuho Bank Europe N.V.
MUFG Securities (Europe) N.V.
Nordea Bank Abp
RBC Europe Limited
Scotiabank (Ireland) Designated Activity Company
U.S. Bancorp Investments, Inc.
UBS AG London Branch
Wells Fargo Securities Europe, S.A.
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