Embecta discloses spin-off pro forma: $1.65B debt, $1.44B distribution to BD

Embecta Corp.

Spin-off of 100% Embecta shares to BD shareholders at 1:5 ratio; distribution date April 1, 2022.
Pro forma assumes ~$1.65B in aggregate debt and ~$1.44B distribution to BD, including $1.24B cash.
Pro forma financials reflect transaction adjustments for standalone capital structure and autonomous entity costs.
Selected unaudited pro forma financial info as of Sep 30, 2021, Dec 31, 2021, and LTM Dec 31, 2021 filed.

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