debt
confidence high
sentiment neutral
materiality 0.45
Stryker completes €1.4B and $1.5B dual-tranche note offerings; proceeds to repay near-term debt
STRYKER CORP
- Issued €800M 3.375% notes due 2032, €600M 3.625% notes due 2036, $750M 4.250% notes due 2029, and $750M 4.625% notes due 2034.
- Combined net proceeds of ~€1,383M ($1,529M at Aug. 30 FX) from Euro offering and ~$1,482M from USD offering.
- Proceeds to repay €500M floating-rate notes due 2024 and €850M 0.250% notes due 2024; balance for general corporate purposes.