---
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"
generated_at: "2026-05-26T02:39:48.645591+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Stryker enters $3.0B revolving credit facility maturing 2030, replacing prior deal

## Summary
- $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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-039302
- JSON: https://secwatch.observer/filing/0001193125-25-039302.json
- Plain text: https://secwatch.observer/filing/0001193125-25-039302.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $3.0 billion
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Eurocurrency Rate, Term SOFR, Term CORRA Reference Rate or Base Rate, plus an ap
  - Maturity: February 25, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/310764/000119312525039302/0001193125-25-039302-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.