secwatch.observer — SEC 8-K summary
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Issuer:     BECTON DICKINSON & CO (BDX)
CIK:        0000010795
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001140361-24-032969
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Becton Dickinson extends $2.75B revolving credit facility maturity to September 2027
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- Lenders consented to one-year extension of commitment termination date to September 24, 2027.
- Senior unsecured revolving facility provides $2.75B, including $100M letter of credit and $194M swingline subfacilities.
- Borrowings may be used for general corporate purposes; BD Euro Finance is an authorized borrower.
- Leverage ratio covenant set at 4.25:1.00 (4.75:1.00 for four quarters after a material acquisition).
- Facility may be increased by up to $500M with additional lender commitments, to a total of $3.25B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10795/000114036124032969/0001140361-24-032969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10795/000114036124032969/ef20032162_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-032969

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