Dentsply Sirona prices $550M 8.375% junior subordinated notes due 2055

DENTSPLY SIRONA Inc.

$550M aggregate principal amount of 8.375% fixed-to-fixed reset rate junior subordinated notes due 2055.
Net proceeds ~$544.5M; expected close June 12, 2025, subject to customary conditions.
Interest fixed at 8.375% until Sep 12, 2030, then resets at 5yr UST + 4.379% with 8.375% floor.
Proceeds to repay existing $435M term loan and other short-term debt; general corporate uses.
Goldman Sachs sole book-runner; PNC, Commerz Markets, Truist, MUFG acting as co-managers.

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