---
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"
generated_at: "2026-06-07T15:48:03.929510+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Stryker issues $600M 4.850% Notes due Dec 2028; net proceeds ~$594M for general purposes

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-291773
- JSON: https://secwatch.observer/filing/0001193125-23-291773.json
- Plain text: https://secwatch.observer/filing/0001193125-23-291773.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm
- Executive change
  Srikant Datar departed as Director at STRYKER CORP.
  - Action: retire
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.