debt
confidence high
sentiment neutral
materiality 0.60
BD launches $1.6B tender offers for 15 series of senior notes
BECTON DICKINSON & CO
- Up to $1.6B aggregate purchase price (excluding accrued interest) for 15 series of senior notes maturing 2026-2050.
- Early tender deadline Feb 24, 2026; offers expire Mar 11, 2026; settlement expected Mar 13, 2026.
- Early tenders receive fixed spread over UST benchmark plus $30 per $1,000 early tender payment.
- Largest notes: 4.669% Senior Notes due 2047 ($1.5B outstanding) subject to $1B Offer SubCap.
- Lead dealer managers: Citigroup and Wells Fargo; co-dealer managers: Scotia, MUFG, U.S. Bancorp.