STRYKER CORP (SYK): debt financing — Stryker completes €600M offering of 3.375% Notes due 2028

STRYKER CORP

Issued €600M aggregate principal of 3.375% Notes due December 11, 2028.
Net proceeds of ~€597M ($649M); intended for general corporate purposes.
Make-whole redemption available prior to Sept 11, 2028; tax redemption at par plus accrued.
Change-of-control with rating downgrade triggers offer at 101% of principal plus accrued interest.
Underwriters: Barclays, Goldman Sachs, Mizuho, Wells Fargo.

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 Barclays Bank PLC, Goldman Sachs & Co. LLC, Mizuho International plc and Wells Fargo Securities International Limited, as representatives of the underwriters at 3.375% per year maturing December 11, 2028.

Instrument: senior notes
Principal: €600,000,000 aggregate principal amount
Counterparty: Barclays Bank PLC, Goldman Sachs & Co. LLC, Mizuho International plc and Wells Fargo Securities International Limited, as representatives of the underwriters
Rate: 3.375% per year
Maturity: December 11, 2028
Event: incurrence

Exact text from the filing

completed a public offering (the “Offering”) of €600,000,000 aggregate principal amount of the Company’s 3.375% Notes due 2028

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Source: SEC EDGAR

accession 0001193125-23-292590

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