BDX enters into $2.75B revolving credit facility due 2030

BECTON DICKINSON & CO

$2.75B senior unsecured revolving credit facility, with $100M letter of credit and $236M swingline subfacilities.
Facility expires September 2030, extendable for up to two additional one-year periods.
Leverage ratio covenant: max 4.25:1.00 (or 4.75:1.00 for five quarters post material acquisition).
Borrowing rates based on Term SOFR plus Applicable Margin ranging from 0.80% to 1.30%.
Facility replaces prior 2023 credit agreement; general corporate purposes; BDX subsidiary co-borrower.

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