Fortive prefers debt, free cash flow to equity for acquisitions

By Devika Patel

Knoxville, Tenn., March 22 – Fortive Corp. would use free cash flow and debt issuances, rather than equity sales, if it considers another acquisition.

“[In regards to financing acquisitions,] when we look at our debt capacity, we look at our ability to create value early in acquisitions, I think the financing options around debt and current free cash flow are going to tend to be where we stand,” president and chief executive officer James A. Lico said at the 2017 Bank of America Merrill Lynch Global Industrials & E.U. Autos Conference in London on Wednesday

Fortive is an industrial company based in Everett, Wash. specializing in professional instrumentation and industrial technologies.

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