{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-291773","form_type":"8-K","ticker":"SYK","cik":"0000310764","company_name":"STRYKER CORP","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.611521+00:00","generated_at":"2026-06-07T15:48:03.929510+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Stryker issues $600M 4.850% Notes due Dec 2028; net proceeds ~$594M for general purposes","bullets":["$600M aggregate principal of 4.850% Notes maturing Dec 8, 2028; interest payable semiannually June 8 and Dec 8 starting June 8, 2024.","Net proceeds of ~$594M after underwriting discount and expenses; used for general corporate purposes.","Notes redeemable at make-whole premium prior to Nov 8, 2028; change of control put at 101% if downgraded below investment grade.","Director Dr. Srikant Datar to retire from Board effective at annual meeting expected May 9, 2024; no disagreement with company."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-291773","json":"https://secwatch.observer/filing/0001193125-23-291773.json","markdown":"https://secwatch.observer/filing/0001193125-23-291773.md","text":"https://secwatch.observer/filing/0001193125-23-291773.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/d54031d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:48:03.929510+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8e7e1d62f0c9d8be9e5d6c60054d5c8f99663f84","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$600,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.850%"},{"label":"Maturity","value":"December 8, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e60c9cfbf2","claim":"Srikant Datar departed as Director at STRYKER CORP.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"481b06f33155d7c995c47ddc568b2c2c701e82b9","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee"},{"label":"Value","value":"$600,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-12-08"}],"fact_type":"material_agreement"},{"claim_id":"8f8d4f709c8390a6e693fa83532937872eaa5281","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc. and U.S. Bancorp Investments, Inc., as representatives of the underwriters"},{"label":"Value","value":"$600,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}