secwatch.observer — SEC 8-K summary
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Issuer:     BECTON DICKINSON & CO (BDX)
CIK:        0000010795
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001140361-25-035307
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BDX enters into $2.75B revolving credit facility due 2030
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10795/000114036125035307/0001140361-25-035307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10795/000114036125035307/ef20055689_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-035307

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