secwatch / observer
8-K filed December 8, 2023, 6:59 PM ET ticker SYK CIK 0000310764
debt confidence high sentiment neutral materiality 0.40

STRYKER CORP (SYK): debt financing — Stryker issues $600M 4.850% Notes due Dec 2028; net proceeds ~$594M for general purposes

STRYKER CORP

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Srikant Datar

Director
SYK · STRYKER CORP
Effective
2024-05-09
Filed
December 8, 2023, 6:59 PM ET
On December 4, 2023, Dr. Srikant Datar, a member of the Board of Directors (the “Board”) of the Company, informed the Company that he will retire from the Board effective as of the Company’s annual meeting of shareholders expected to be held on May 9, 2024 (the “Annual Meeting”).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STRYKER CORP incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.850% maturing December 8, 2028.

Instrument
senior notes
Principal
$600,000,000 aggregate principal amount
Counterparty
U.S. Bank Trust Company, National Association
Rate
4.850%
Maturity
December 8, 2028
Event
incurrence
Exact text from the filing
On December 8, 2023, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $600,000,000 aggregate principal amount of the Company’s 4.850% Notes due 2028 (the “Notes”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Srikant Datar departed as Director at STRYKER CORP.

Action
retire
Role
Director
Exact text from the filing
On December 4, 2023, Dr. Srikant Datar, a member of the Board of Directors (the “Board”) of the Company, informed the Company that he will retire from the Board effective as of the Company’s annual meeting of shareholders expected to be held on May 9, 2024 (the “Annual Meeting”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STRYKER CORP entered into Indenture with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee valued at $600,000,000 aggregate principal amount (effective 2023-12-08).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee
Value
$600,000,000 aggregate principal amount
Effective
2023-12-08
Exact text from the filing
The Notes were issued under an Indenture, dated January 15, 2010 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the Twenty-Sixth Supplemental Indenture, dated December 8, 2023, between the Company and the Trustee (the “Supplemental Indenture” and, the Base Indenture as so supplemented, the “Indenture”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STRYKER CORP entered into Underwriting Agreement with Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc. and U.S. Bancorp Investments, Inc., as representatives of the underwriters valued at $600,000,000 aggregate principal amount (effective 2023-12-05).

Action
entry
Agreement
underwriting
Counterparty
Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc. and U.S. Bancorp Investments, Inc., as representatives of the underwriters
Value
$600,000,000 aggregate principal amount
Effective
2023-12-05
Exact text from the filing
On December 8, 2023, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $600,000,000 aggregate principal amount of the Company’s 4.850% Notes due 2028 (the “Notes”). The Notes were sold pursuant to an Underwriting Agreement, dated December 5, 2023 (the “Underwriting Agreement”), between the Company and Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc. and U.S. Bancorp Investments, Inc., as representatives of the underwriters.
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

STRYKER CORP filing history →

Source: SEC EDGAR
accession 0001193125-23-291773
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