Embecta extends transition and logistics services from BD through Nov 1, 2024 for LATAM/China markets

Embecta Corp.

Limited extension of certain ERP services under TSA and LSA until Nov 1, 2024 for LATAM, China, Hong Kong, Macau, Taiwan.
TSA service charges increase to 125% of prior rate during extension period.
LSA administrative fee set at 1.25% of New Revenue; factoring/servicing fees at 125% of pre-2024 levels.
Both amendments executed March 28, 2024, with cost mark-ups for continued interim support.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Embecta Corp. amended "TSA Amendment" with Becton, Dickinson and Company (effective 2024-03-28).

Action: amendment
Counterparty: Becton, Dickinson and Company
Effective: 2024-03-28

Exact text from the filing

Embecta Corp. (“Embecta”) entered into (i) a second amendment (the “TSA Amendment”) to the Transition Services Agreement (as amended, the “TSA”), dated as of March 31, 2022 and previously amended as of July 1, 2022 by and between Embecta and Becton, Dickinson and Company (“BD"), and (ii) a second amendment (the “LSA Amendment”) to the Logistics Services Agreement (as amended, the “LSA”), dated January 1, 2022 and previously amended as of November 20, 2023, by and between Embecta and BD.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Embecta Corp. amended "LSA Amendment" with Becton, Dickinson and Company (effective 2024-03-28).

Action: amendment
Counterparty: Becton, Dickinson and Company
Effective: 2024-03-28

Exact text from the filing

Embecta Corp. (“Embecta”) entered into (i) a second amendment (the “TSA Amendment”) to the Transition Services Agreement (as amended, the “TSA”), dated as of March 31, 2022 and previously amended as of July 1, 2022 by and between Embecta and Becton, Dickinson and Company (“BD"), and (ii) a second amendment (the “LSA Amendment”) to the Logistics Services Agreement (as amended, the “LSA”), dated January 1, 2022 and previously amended as of November 20, 2023, by and between Embecta and BD.

View on SEC.gov

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Embecta Corp. filing history →

Source: SEC EDGAR

accession 0001872789-24-000010

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