Fortive Expands Liquidity with New $2 Billion Credit Facility

An announcement from Fortive ( (FTV) ) is now available.

On March 17, 2026, Fortive Corporation entered into a third amended and restated credit agreement that establishes a five-year, unsecured revolving credit facility of up to $2.0 billion, with a multicurrency borrowing feature and no initial drawdown. The facility, which amends an October 18, 2022 agreement, extends the maturity to March 17, 2031, adds two potential one-year extensions and allows for an additional $1.0 billion in revolving or term loan capacity, providing Fortive with expanded financial flexibility for future funding needs.

Interest on borrowings will vary based on currency, benchmark rates and Fortive’s long-term debt credit rating, with floors preventing negative rates and a facility fee charged on total commitments regardless of usage. The agreement imposes a consolidated net leverage covenant starting with the quarter ending March 31, 2026, includes higher leverage tolerance following large acquisitions, and contains customary covenants and change-of-control default provisions, underscoring lender protections while preserving Fortive’s capacity to pursue sizable deals.

The most recent analyst rating on (FTV) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Fortive stock, see the FTV Stock Forecast page.

Spark’s Take on FTV Stock

According to Spark, TipRanks’ AI Analyst, FTV is a Neutral.

The score is driven primarily by solid fundamentals (strong cash conversion and historically healthy margins) but is held back by the 2025 revenue/margin step-down and balance-sheet visibility concerns. Technically, the stock trends positively above key moving averages, though near-overbought RSI limits upside confidence. Valuation is a notable drag given the high P/E and low dividend yield, partially offset by a generally positive earnings call with constructive 2026 EPS guidance, margin expansion targets, and strong capital returns.

To see Spark’s full report on FTV stock, click here.

More about Fortive

Fortive Corporation is a Delaware-based company that operates through a portfolio of industrial and technology businesses, supported by significant access to bank financing. The company utilizes revolving credit facilities and multicurrency borrowing capabilities to fund operations, acquisitions and other corporate purposes in U.S. dollars and alternative currencies.

Average Trading Volume: 3,868,120

Technical Sentiment Signal: Buy

Current Market Cap: $17.1B

See more data about FTV stock on TipRanks’ Stock Analysis page.