secwatch.observer — SEC 8-K summary
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Issuer:     BECTON DICKINSON & CO (BDX)
CIK:        0000010795
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001140361-23-002734
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BDX enters into $2.75B revolving credit facility, maturing Sept 2026, with option to increase to $3.25B
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- New credit agreement provides $2.75B senior unsecured revolving credit facility, including $100M letter of credit and $194M swingline loan subfacilities.
- Facility matures in September 2026, with two possible one-year extensions subject to lender consent.
- Borrowers include BDX and Becton Dickinson Euro Finance S.à r.l.; proceeds for general corporate purposes.
- Financial covenant requires leverage ratio not to exceed 4.25:1.00 (or 4.75:1.00 after a material acquisition).
- Interest rates based on Term SOFR plus margin tied to credit ratings; facility fee from 0.080% to 0.225%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10795/000114036123002734/0001140361-23-002734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10795/000114036123002734/brhc10046929_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002734

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