BDX Updates Financial Obligations, Details Existing Notes
Ticker: BDX · Form: 8-K · Filed: 2024-02-08T00:00:00.000Z
Sentiment: neutral
Topics: debt, financial-obligations, 8-K, corporate-finance
TL;DR
**BDX just updated its debt obligations, showing existing notes due through 2036.**
AI Summary
Becton, Dickinson and Company (BDX) filed an 8-K on February 8, 2024, to report the creation of a direct financial obligation. This filing specifically mentions several existing notes with varying due dates and interest rates, such as the 0.034% Notes due August 13, 2025, and the 1.900% Notes due December 15, 2026. While the filing doesn't detail a *new* specific obligation, it updates the public record regarding its existing debt structure, which is crucial for investors to understand the company's financial leverage and future cash flow commitments.
Why It Matters
This filing provides transparency into Becton, Dickinson and Company's existing debt, which impacts its financial health and ability to invest in growth or return capital to shareholders. Understanding these obligations helps investors assess the company's risk profile.
Risk Assessment
Risk Level: low — This filing is primarily an informational update on existing debt, not a new, significant financial event that would drastically alter the company's risk profile.
Analyst Insight
A smart investor would review Becton, Dickinson and Company's full financial statements to understand the total outstanding principal for these notes and assess the company's overall liquidity and debt servicing capacity in light of these maturity dates.
Key Numbers
- 0.034% — Interest Rate (Rate for Notes due August 13, 2025)
- August 13, 2025 — Maturity Date (Due date for 0.034% Notes)
- 1.900% — Interest Rate (Rate for Notes due December 15, 2026)
- December 15, 2026 — Maturity Date (Due date for 1.900% Notes)
- 3.020% — Interest Rate (Rate for Notes due May 24, 2025)
- May 24, 2025 — Maturity Date (Due date for 3.020% Notes)
- 1.208% — Interest Rate (Rate for Notes due June 4, 2026)
- June 4, 2026 — Maturity Date (Due date for 1.208% Notes)
Key Players & Entities
- BECTON, DICKINSON AND COMPANY (company) — registrant
- New Jersey (company) — state of incorporation
- 001-4802 (dollar_amount) — Commission File Number
- 22-0760120 (dollar_amount) — IRS Employer Identification No.
- 1 Becton Drive Franklin Lakes, New Jersey 07417-1880 (company) — Address of principal executive offices
- 201-847-6800 (dollar_amount) — Registrant’s telephone number
- February 8, 2024 (dollar_amount) — Date of Report
Forward-Looking Statements
- Becton, Dickinson and Company will continue to manage its debt obligations effectively, with no immediate refinancing risk for the notes due in 2025. (BECTON, DICKINSON AND COMPANY) — high confidence, target: 2025-12-31
- The company's debt structure, as outlined, suggests a stable financial position, unlikely to face significant challenges from these specific maturities. (BECTON, DICKINSON AND COMPANY) — medium confidence, target: 2026-12-31
FAQ
What is the earliest maturity date mentioned for Becton, Dickinson and Company's notes in this filing?
The earliest maturity date mentioned in the filing is August 13, 2025, for the 0.034% Notes.
What is the latest maturity date for the notes detailed in this 8-K filing?
The latest maturity date for the notes detailed is February 12, 2036, for the 2.13% Notes.
Which specific notes have an interest rate of 1.900%?
The 1.900% Notes are due on December 15, 2026.
What is the purpose of Becton, Dickinson and Company filing this 8-K?
Becton, Dickinson and Company filed this 8-K under Item 2.03, 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' to update the public record on its existing financial obligations.
What is the interest rate and maturity date for the notes due in May 2025?
The notes due in May 2025 are the 3.020% Notes, maturing on May 24, 2025.
From the Filing
0001140361-24-006440.txt : 20240208 0001140361-24-006440.hdr.sgml : 20240208 20240208161942 ACCESSION NUMBER: 0001140361-24-006440 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240208 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 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: 24609353 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 ny20020446x10_8k.htm 8-K false 001-04802 BECTON DICKINSON & CO 0000010795 NYSE NYSE NYSE NYSE NYSE NYSE 0000010795 2024-02-08 2024-02-08 0000010795 bdx:One213NotesDueFebruary122036Member 2024-02-08 2024-02-08 0000010795 us-gaap:CommonStockMember 2024-02-08 2024-02-08 0000010795 bdx:Zero034NotesDueAugust132025Member 2024-02-08 2024-02-08 0000010795 bdx:One900NotesDueDecember152026Member 2024-02-08 2024-02-08 0000010795 bdx:Three020NotesDueMay242025Member 2024-02-08 2024-02-08 0000010795 bdx:One208NotesDueJune42026Member 2024-02-08 2024-02-08 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 8, 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 complyin