8-K
filed February 8, 2024, 6:59 PM ET
ticker BDX
CIK 0000010795
debt
confidence high
sentiment neutral
materiality 0.50
BECTON DICKINSON & CO (BDX): debt financing — BD issues €750M 3.519% notes and $1.175B USD notes (4.874%/5.110%) to refinance 2024 debt
BECTON DICKINSON & CO
- Issued €750M 3.519% Notes due Feb 8, 2031 in underwritten public offering.
- Issued $625M 4.874% Notes due 2029 and $550M 5.110% Notes due 2034.
- Net proceeds to repay $144M 3.875% Notes, $998M 3.363% Notes, and $875M 3.734% Notes all maturing in 2024.
- Euro notes callable at make-whole plus 20 bps; USD notes callable at Treasury rate plus 15 bps before par call dates.
- Pending final use, proceeds may be temporarily used for general corporate purposes.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
BECTON DICKINSON & CO incurred senior notes of €750,000,000 with public at 3.519% maturing February 8, 2031.
- Instrument
- senior notes
- Principal
- €750,000,000
- Counterparty
- public
- Rate
- 3.519%
- Maturity
- February 8, 2031
- Event
- incurrence
Exact text from the filing
On February 8, 2024, Becton, Dickinson and Company (“BD”) issued €750,000,000 aggregate principal amount of its 3.519% Notes due February 8, 2031 (the “Euro Notes”) in an underwritten public offering pursuant to the indenture, dated March 1, 1997, between BD and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Indenture”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
BECTON DICKINSON & CO incurred senior notes of $550,000,000 with public at 5.110% maturing February 8, 2034.
- Instrument
- senior notes
- Principal
- $550,000,000
- Counterparty
- public
- Rate
- 5.110%
- Maturity
- February 8, 2034
- Event
- incurrence
Exact text from the filing
On February 8, 2024, BD issued (i) $625,000,000 aggregate principal amount of its 4.874% Notes due February 8, 2029 (the “2029 Notes”) and (ii) $550,000,000 aggregate principal amount of its 5.110% Notes due February 8, 2034 (the “2034 Notes” and, together with the 2029 Notes, the “USD Notes”) in an underwritten public offering pursuant to the Indenture.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
BECTON DICKINSON & CO incurred senior notes of $625,000,000 with public at 4.874% maturing February 8, 2029.
- Instrument
- senior notes
- Principal
- $625,000,000
- Counterparty
- public
- Rate
- 4.874%
- Maturity
- February 8, 2029
- Event
- incurrence
Exact text from the filing
On February 8, 2024, BD issued (i) $625,000,000 aggregate principal amount of its 4.874% Notes due February 8, 2029 (the “2029 Notes”) and (ii) $550,000,000 aggregate principal amount of its 5.110% Notes due February 8, 2034 (the “2034 Notes” and, together with the 2029 Notes, the “USD Notes”) in an underwritten public offering pursuant to the Indenture.
View on SEC.gov
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