debt
confidence high
sentiment neutral
materiality 0.60
BD issues €1.8B + $600M notes to fund Edwards Critical Care acquisition
BECTON DICKINSON & CO
- €1.0B 3.828% notes due 2032, €800M 4.029% notes due 2036, $600M 5.081% notes due 2029 issued June 7.
- Net proceeds, with commercial paper and cash, to fund cash consideration for Edwards Lifesciences Critical Care buy.
- If acquisition not closed by June 3, 2025, notes subject to special mandatory redemption at 101% of par.
- Proceeds not escrowed; issuances not conditioned on deal completion.
- BD fully guarantees Becton Finance €800M notes; all notes are senior unsecured.