BD expands commercial paper capacity to $2.75B; launches euro CP program

BECTON DICKINSON & CO

Increased U.S. commercial paper program maximum to $2.75B from $1.5B.
Established multicurrency euro CP program with aggregate limit of $2.75B (combined with U.S. program).
ECP notes maturities up to 183 days; denominations in EUR, USD, JPY, GBP, CHF, CAD or other currencies.
Proceeds to be used for working capital, acquisitions, share repurchases, and debt repayment.
Revolving credit facility to serve as liquidity backstop for the ECP program.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BECTON DICKINSON & CO entered into dealer agreement, issue and paying agency agreement and deed of covenant valued at $2,750,000,000 (effective 2023-03-09).

Action: entry
Agreement: credit facility
Value: $2,750,000,000
Effective: 2023-03-09

Exact text from the filing

On March 9, 2023, the Company entered into a dealer agreement, issue and paying agency agreement and deed of covenant pursuant to which it established a multicurrency euro commercial paper program

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BECTON DICKINSON & CO amended Amendment valued at $2,750,000,000 (effective 2023-03-09).

Action: amendment
Agreement: credit facility
Value: $2,750,000,000
Effective: 2023-03-09

Exact text from the filing

On March 9, 2023, the Company entered into an omnibus amendment (the “ Amendment ”) with respect to its U.S. commercial paper program

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Source: SEC EDGAR

accession 0001140361-23-010990

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