{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-039302","form_type":"8-K","ticker":"SYK","cik":"0000310764","company_name":"STRYKER CORP","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.931982+00:00","generated_at":"2026-05-26T02:39:48.645591+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Stryker enters $3.0B revolving credit facility maturing 2030, replacing prior deal","bullets":["$3.0B aggregate commitments with maturity February 25, 2030.","Covenant: max leverage ratio 3.75:1; acquisition holiday permits 4.75:1 for four quarters.","Facility fee 7-15 bps on undrawn; interest margins 0-10 bps (Base Rate) to 68-110 bps (Eurocurrency).","Replaces October 2021 credit agreement; terms substantially similar.","Margins based on Issuer Rating; initial Pricing Level 3 (BBB+/Baa1)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-039302","json":"https://secwatch.observer/filing/0001193125-25-039302.json","markdown":"https://secwatch.observer/filing/0001193125-25-039302.md","text":"https://secwatch.observer/filing/0001193125-25-039302.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/310764/000119312525039302/0001193125-25-039302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/310764/000119312525039302/d904508d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T02:39:48.645591+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"044efefb26d715b117e938b7d6d4d11238545fec","claim":"STRYKER CORP incurred revolving credit of $3.0 billion with Wells Fargo Bank, National Association at Eurocurrency Rate, Term SOFR, Term CORRA Reference Rate or Base Rate, plus an ap maturing February 25, 2030.","evidence_excerpt":"agreement, dated as of October 26, 2021 (the “2021 Credit Agreement”). The principal terms of the Credit Agreement are: (1) an aggregate principal amount of commitments of $3.0 billion, (2) a maturity date of February 25, 2030 and (3) a leverage ratio financial covenant that provides for a maximum permitted leverage ratio of 3.75:1 at the end of any fiscal","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/310764/000119312525039302/0001193125-25-039302-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$3.0 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Eurocurrency Rate, Term SOFR, Term CORRA Reference Rate or Base Rate, plus an ap"},{"label":"Maturity","value":"February 25, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}