BD Enters Material Definitive Agreement for Note Issuances

TL;DR

BD just issued a bunch of new debt notes, check the maturity dates!

AI Summary

On September 16, 2025, Becton, Dickinson and Company (BD) entered into a material definitive agreement related to the issuance of various notes. These include "One900NotesDueDecember152026", "One208NotesDueJune42026", "Three828NotesDueJune72032", "Three519NotesDueFebruary82031", and "One213NotesDueFebruary122036". This filing also constitutes an obligation under an off-balance sheet arrangement.

Why It Matters

This filing indicates Becton, Dickinson and Company is engaging in significant debt financing activities, which could impact its capital structure and future financial obligations.

Risk Assessment

Risk Level: medium — The issuance of multiple debt notes suggests increased financial leverage and potential future repayment obligations for Becton, Dickinson and Company.

Key Players & Entities

• BECTON DICKINSON & CO (company) — Registrant
• September 16, 2025 (date) — Date of earliest event reported
• One900NotesDueDecember152026 (financial_instrument) — Note issuance
• One208NotesDueJune42026 (financial_instrument) — Note issuance
• Three828NotesDueJune72032 (financial_instrument) — Note issuance
• Three519NotesDueFebruary82031 (financial_instrument) — Note issuance
• One213NotesDueFebruary122036 (financial_instrument) — Note issuance

FAQ

Key Financial Figures

• $1.00 B — ch registered Common stock, par value $1.00 BDX New York Stock Exchange 1.900% No
• $2.75 billion — facility that provides the Company with $2.75 billion of financing, including a $100 million
• $100 million — $2.75 billion of financing, including a $100 million letter of credit subfacility and a $236
• $236 million — lion letter of credit subfacility and a $236 million swingline loan subfacility (under which
• $500 million — ments by lenders, request an additional $500 million of financing, for a maximum aggregate c
• $3.25 billion — ment under the credit facility of up to $3.25 billion. Borrowings under the credit facility m

Filing Documents

• ef20055689_8k.htm (8-K) — 46KB
• ef20055689_ex10-1.htm (EX-10.1) — 1026KB
• 0001140361-25-035307.txt ( ) — 1437KB
• bdx-20250916.xsd (EX-101.SCH) — 5KB
• bdx-20250916_def.xml (EX-101.DEF) — 19KB
• bdx-20250916_lab.xml (EX-101.LAB) — 29KB
• bdx-20250916_pre.xml (EX-101.PRE) — 21KB
• ef20055689_8k_htm.xml (XML) — 10KB

01

Item 1.01 Entry into a Material Definitive Agreement. Revolving Credit Facility On September 16, 2025, Becton, Dickinson and Company (the "Company") and Becton Dickinson Euro Finance S. r.l., a private limited liability company ( socit responsabilite limite ) organized and existing under the laws of the Grand Duchy of Luxembourg ("BD Euro Finance") entered into that certain third amended and restated credit agreement (the "Credit Agreement") with Citibank, N.A. ("Citibank") as administrative agent, and the lenders named in the Credit Agreement. The Credit Agreement amended and restated the Company's existing second amended and restated credit agreement, dated as of January 25, 2023 with Citibank, as administrative agent, and the lenders named therein. The effectiveness of commitments under the Credit Agreement is subject to certain customary conditions precedent. The Credit Agreement is a senior unsecured revolving credit facility that provides the Company with $2.75 billion of financing, including a $100 million letter of credit subfacility and a $236 million swingline loan subfacility (under which advances may be denominated in Euros), and expires in September, 2030. The expiration date of the credit facility may be extended for up to two additional one year periods, subject to certain restrictions (including the consent of the lenders). The credit facility provides that the Company may, subject to additional commitments by lenders, request an additional $500 million of financing, for a maximum aggregate commitment under the credit facility of up to $3.25 billion. Borrowings under the credit facility may be used for general corporate purposes, and BD Euro Finance is authorized as a borrower under the credit facility. Interest rates on borrowings under the Credit Agreement will be based on prevailing interest rates, benchmarked based on Term SOFR and subject to the Company's credit ratings, as described in the Credit Agreement. The Credit Agreement contains c

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this report is hereby incorporated by reference into this Item 2.03.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.1 Third Amended and Restated Credit Agreement, dated as of September 16, 2025, by and among Becton, Dickinson and Company, the other entities party thereto and Citibank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BECTON, DICKINSON AND COMPANY (Registrant) By: /s/ Stephanie M. Kelly Name: Stephanie M. Kelly Title: Chief Securities and Governance Counsel, Corporate Secretary Date: September 17, 2025

View Full Filing

View this 8-K filing on SEC EDGAR