debt
confidence high
sentiment neutral
materiality 0.55
BD subsidiary issues €600M 3.855% Notes due 2033; proceeds to repay near-term debt
BECTON DICKINSON & CO
- €600M aggregate principal of 3.855% Notes due May 20, 2033 issued by BD indirect sub Becton Finance.
- Notes are fully and unconditionally guaranteed by Becton, Dickinson and Company (BD).
- Proceeds, plus cash, to repay entire €1.208% Notes due June 4, 2026.
- Remaining net proceeds used for general corporate purposes.
- Redemption at BD's option: before Feb 20, 2033 at make-whole +15 bps; after at 100%.
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