8-K
filed February 10, 2025, 6:59 PM ET
ticker SYK
CIK 0000310764
debt
confidence high
sentiment neutral
materiality 0.65
STRYKER CORP (SYK): debt financing — Stryker issues $3B in notes; $1.8B earmarked for Inari Medical acquisition
STRYKER CORP
- Issued $500M 4.550% notes due 2027, $700M 4.700% notes due 2028, $800M 4.850% notes due 2030, $1B 5.200% notes due 2035.
- Net proceeds of ~$2.973B; 2030/2035 notes plus cash to fund Inari Medical tender offer.
- 2030 and 2035 notes subject to special mandatory redemption at 101% if Inari acquisition not closed by July 7, 2025 (extendable to Oct 6, 2025).
- 2027 and 2028 notes not subject to special redemption; proceeds for general corporate purposes.
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 $800,000,000 with Public at 4.850% maturing February 10, 2030.
- Instrument
- senior notes
- Principal
- $800,000,000
- Counterparty
- Public
- Rate
- 4.850%
- Maturity
- February 10, 2030
- Event
- incurrence
Exact text from the filing
On February 10, 2025, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $500,000,000 aggregate principal amount of its 4.550% Notes due 2027 (the “2027 Notes”), $700,000,000 aggregate principal amount of its 4.700% Notes due 2028 (the “2028 Notes”), $800,000,000 aggregate principal amount of its 4.850% Notes due 2030 (the “2030 Notes”) and $1,000,000,000 aggregate principal amount of its 5.200% Notes due 2035 (the “2035 Notes” and, together with the 2027 Notes, the 2028 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
STRYKER CORP incurred senior notes of $1,000,000,000 with Public at 5.200% maturing February 10, 2035.
- Instrument
- senior notes
- Principal
- $1,000,000,000
- Counterparty
- Public
- Rate
- 5.200%
- Maturity
- February 10, 2035
- Event
- incurrence
Exact text from the filing
On February 10, 2025, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $500,000,000 aggregate principal amount of its 4.550% Notes due 2027 (the “2027 Notes”), $700,000,000 aggregate principal amount of its 4.700% Notes due 2028 (the “2028 Notes”), $800,000,000 aggregate principal amount of its 4.850% Notes due 2030 (the “2030 Notes”) and $1,000,000,000 aggregate principal amount of its 5.200% Notes due 2035 (the “2035 Notes” and, together with the 2027 Notes, the 2028 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
STRYKER CORP incurred senior notes of $700,000,000 with Public at 4.700% maturing February 10, 2028.
- Instrument
- senior notes
- Principal
- $700,000,000
- Counterparty
- Public
- Rate
- 4.700%
- Maturity
- February 10, 2028
- Event
- incurrence
Exact text from the filing
On February 10, 2025, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $500,000,000 aggregate principal amount of its 4.550% Notes due 2027 (the “2027 Notes”), $700,000,000 aggregate principal amount of its 4.700% Notes due 2028 (the “2028 Notes”), $800,000,000 aggregate principal amount of its 4.850% Notes due 2030 (the “2030 Notes”) and $1,000,000,000 aggregate principal amount of its 5.200% Notes due 2035 (the “2035 Notes” and, together with the 2027 Notes, the 2028 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
STRYKER CORP incurred senior notes of $500,000,000 with Public at 4.550% maturing February 10, 2027.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- Public
- Rate
- 4.550%
- Maturity
- February 10, 2027
- Event
- incurrence
Exact text from the filing
On February 10, 2025, Stryker Corporation (the “Company”) completed a public offering (the “Offering”) of $500,000,000 aggregate principal amount of its 4.550% Notes due 2027 (the “2027 Notes”), $700,000,000 aggregate principal amount of its 4.700% Notes due 2028 (the “2028 Notes”), $800,000,000 aggregate principal amount of its 4.850% Notes due 2030 (the “2030 Notes”) and $1,000,000,000 aggregate principal amount of its 5.200% Notes due 2035 (the “2035 Notes” and, together with the 2027 Notes, the 2028 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
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