Stryker enters $1.5B term loan agreement maturing 2025

STRYKER CORP

Borrowed full $1.5B on Feb 22, 2022; maturity Feb 22, 2025.
Interest at Adjusted Term SOFR plus margin of 62.5-82.5 bps per credit rating.
Leverage ratio covenant max 3.75:1; acquisition holiday allows 4.75:1 for four quarters.
Joint lead arrangers: Wells Fargo, BofA, Citibank, BNP Paribas, Mizuho, U.S. Bank.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.