Becton Dickinson Reports Material Definitive Agreement

Ticker: BDX · Form: 8-K · Filed: 2024-06-07T00:00:00.000Z

Sentiment: neutral

Topics: debt, agreement, financial-obligation

Related Tickers: BDX

TL;DR

BD just signed a new deal, watch their debt!

AI Summary

On June 4, 2024, Becton, Dickinson and Company (BD) entered into a material definitive agreement related to its financial obligations. The company reported on the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

Why It Matters

This filing indicates Becton Dickinson has entered into new financial commitments, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce new risks related to debt servicing and financial covenants.

Key Players & Entities

FAQ

What specific type of material definitive agreement did Becton Dickinson enter into?

The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not specify the exact nature of the agreement in the provided text.

What is the total value of the new financial obligation created?

The provided text does not specify the dollar amount of the new financial obligation.

When was the agreement officially entered into?

The earliest event reported in the filing occurred on June 4, 2024.

Does this agreement involve any new debt issuance?

The filing mentions the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement,' which could include debt, but the specific details are not provided in this excerpt.

Are there any immediate impacts on Becton Dickinson's financial statements mentioned?

The filing states 'Financial Statements and Exhibits' are included, but the specific impacts on financial statements are not detailed in the provided text.

From the Filing

0001140361-24-029309.txt : 20240607 0001140361-24-029309.hdr.sgml : 20240607 20240607170443 ACCESSION NUMBER: 0001140361-24-029309 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 32 CONFORMED PERIOD OF REPORT: 20240604 ITEM INFORMATION: Entry into a Material Definitive Agreement 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: 20240607 DATE AS OF CHANGE: 20240607 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: 241030530 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 ny20030306x14_8k.htm 8-K false BECTON DICKINSON & CO 0000010795 NYSE NYSE NYSE NYSE NYSE NYSE 0000010795 2024-06-04 2024-06-04 0000010795 bdx:One208NotesDueJune42026Member 2024-06-04 2024-06-04 0000010795 bdx:One900NotesDueDecember152026Member 2024-06-04 2024-06-04 0000010795 us-gaap:CommonStockMember 2024-06-04 2024-06-04 0000010795 bdx:Zero034NotesDueAugust132025Member 2024-06-04 2024-06-04 0000010795 bdx:Three020NotesDueMay242025Member 2024-06-04 2024-06-04 0000010795 bdx:One213NotesDueFebruary122036Member 2024-06-04 2024-06-04 0000010795 bdx:Three519NotesDueFebruary82031Member 2024-06-04 2024-06-04 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): June 4, 2024 BECTON, DICKINSON AND COMPANY (Exact name of registrant as specified in its charter) New Jersey (State or other jurisdiction of incorporation)   001-04802 (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 3.519% Notes due February 8, 2031   BDX31   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 (&#16

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