secwatch.observer — SEC 8-K summary
======================================

Issuer:     STRYKER CORP (SYK)
CIK:        0000310764
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001193125-23-291773
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/0001193125-23-291773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310764/000119312523291773/d54031d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-291773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer