BDX Files 8-K on Debt Notes; Signals Ongoing Financial Management

TL;DR

**BDX filed an 8-K about its outstanding debt notes, signaling routine financial management.**

AI Summary

Becton, Dickinson and Company (BDX) filed an 8-K on February 6, 2024, reporting an event on February 5, 2024, related to its various outstanding notes. Specifically, the filing mentions notes such as the 1.900% Notes due December 15, 2026, and the 3.020% Notes due May 24, 2025, among others. This matters to investors because it indicates ongoing financial management and potential refinancing activities, which can impact the company's debt structure and future interest expenses, ultimately affecting profitability and shareholder returns.

Why It Matters

This filing indicates Becton, Dickinson and Company is actively managing its debt portfolio, which can influence its cost of capital and financial flexibility. Investors should monitor these activities as they directly impact the company's balance sheet health and future earnings.

Risk Assessment

Risk Level: low — This 8-K appears to be a routine disclosure of existing debt instruments, not indicating any new, significant financial event or immediate risk.

Analyst Insight

Investors should view this as a routine disclosure of existing debt. No immediate action is required, but it serves as a reminder to monitor BDX's overall debt levels and interest rate exposure in future financial reports.

Key Numbers

• 1.900% — interest rate (for notes due December 15, 2026)
• 3.020% — interest rate (for notes due May 24, 2025)
• 1.208% — interest rate (for notes due June 4, 2026)
• 1.213% — interest rate (for notes due February 12, 2036)
• 0.034% — interest rate (for notes due August 13, 2025)

Key Players & Entities

• BECTON, DICKINSON AND COMPANY (company) — the registrant filing the 8-K
• February 5, 2024 (date) — the date of the earliest event reported
• December 15, 2026 (date) — maturity date for 1.900% Notes
• May 24, 2025 (date) — maturity date for 3.020% Notes
• June 4, 2026 (date) — maturity date for 1.208% Notes
• February 12, 2036 (date) — maturity date for 1.213% Notes
• August 13, 2025 (date) — maturity date for 0.034% Notes

Forward-Looking Statements

• Becton, Dickinson and Company will continue to actively manage its debt portfolio, potentially refinancing some of these notes as their maturity dates approach. (BECTON, DICKINSON AND COMPANY) — medium confidence, target: 2026-12-15

FAQ

From the Filing

0001140361-24-005880.txt : 20240206 0001140361-24-005880.hdr.sgml : 20240206 20240206163141 ACCESSION NUMBER: 0001140361-24-005880 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240205 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BECTON DICKINSON & CO CENTRAL INDEX KEY: 0000010795 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 220760120 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04802 FILM NUMBER: 24600742 BUSINESS ADDRESS: STREET 1: ONE BECTON DR CITY: FRANKLIN LAKES STATE: NJ ZIP: 07417-1880 BUSINESS PHONE: 2018476800 MAIL ADDRESS: STREET 1: ONE BECTON DR CITY: FRANKLIN LAKE STATE: NJ ZIP: 07417 8-K 1 ny20020446x9_8k.htm FORM 8-K false 0000010795 0000010795 2024-02-05 2024-02-05 0000010795 us-gaap:CommonStockMember 2024-02-05 2024-02-05 0000010795 bdx:One900NotesDueDecember152026Member 2024-02-05 2024-02-05 0000010795 bdx:Three020NotesDueMay242025Member 2024-02-05 2024-02-05 0000010795 bdx:One208NotesDueJune42026Member 2024-02-05 2024-02-05 0000010795 bdx:One213NotesDueFebruary122036Member 2024-02-05 2024-02-05 0000010795 bdx:Zero034NotesDueAugust132025Member 2024-02-05 2024-02-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of the earliest event reported): February 5, 2024   BECTON, DICKINSON AND COMPANY (Exact name of registrant as specified in its charter)   New Jersey (State or other jurisdiction of incorporation) 001-4802 (Commission File Number) 22-0760120 (IRS Employer Identification No.) 1 Becton Drive Franklin Lakes , New Jersey (Address of principal executive offices) 07417-1880 (Zip Code)   ( 201 ) 847-6800 (Registrant’s telephone number, including area code)   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol   Name of Each Exchange on Which Registered Common stock, par value $1.00   BDX   New York Stock Exchange 1.900% Notes due December 15, 2026   BDX26   New York Stock Exchange 3.020% Notes due May 24, 2025   BDX25   New York Stock Exchange 1.208% Notes due June 4, 2026   BDX/26A   New York Stock Exchange 1.213% Notes due February 12, 2036   BDX/36   New York Stock Exchange 0.034% Notes due August 13, 2025   BDX25A   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards prov