secwatch.observer — SEC 8-K summary
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Issuer:     STRYKER CORP (SYK)
CIK:        0000310764
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0000310764-22-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryker enters $1.5B term loan agreement maturing 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310764/000031076422000035/0000310764-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310764/000031076422000035/syk-20220222.htm
  HTML page:      https://secwatch.observer/filing/0000310764-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer