Stryker Corp Completes Asset Acquisition/Disposition

Ticker: SYK · Form: 8-K · Filed: 2025-02-19T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, disposition, debt, financing

TL;DR

Stryker just closed a deal, filing shows notes maturing through 2036.

AI Summary

On February 19, 2025, Stryker Corporation filed an 8-K report indicating the completion of an acquisition or disposition of assets. The filing details various senior unsecured notes with different maturity dates and interest rates, suggesting potential financing or refinancing activities related to the transaction.

Why It Matters

This filing signals a significant corporate action by Stryker, potentially impacting its business structure, financial leverage, and future growth strategies.

Risk Assessment

Risk Level: medium — The completion of an acquisition or disposition of assets can introduce significant financial and operational risks, depending on the nature and scale of the transaction.

Key Numbers

2.125% — Senior Unsecured Notes Interest Rate (Due 2027)
3.375% — Senior Unsecured Notes Interest Rate (Due 2028)
0.750% — Senior Unsecured Notes Interest Rate (Due 2029)
2.625% — Senior Unsecured Notes Interest Rate (Due 2030)
1.000% — Senior Unsecured Notes Interest Rate (Due 2031)
3.375% — Senior Unsecured Notes Interest Rate (Due 2032)
3.625% — Senior Unsecured Notes Interest Rate (Due 2036)

Key Players & Entities

Stryker Corporation (company) — Registrant
February 19, 2025 (date) — Date of earliest event reported
3841 (other) — Standard Industrial Classification Code
MI (other) — State of Incorporation
1941 STRYKER WAY (other) — Business Street Address
PORTAGE (other) — Business City
49002 (other) — Business Zip Code
2693852600 (other) — Business Phone Number

FAQ

What specific assets were acquired or disposed of by Stryker Corporation?

The filing does not specify the exact assets involved in the acquisition or disposition, only that such an event has been completed.

What was the financial impact of this transaction on Stryker Corporation?

The filing does not provide specific financial details or the dollar amount of the transaction, but lists various senior unsecured notes which may be related to financing.

When did the completion of the acquisition or disposition of assets occur?

The earliest event reported, indicating the completion of the acquisition or disposition of assets, occurred on February 19, 2025.

Are the listed senior unsecured notes related to the financing of the asset transaction?

While the filing lists various senior unsecured notes with maturity dates ranging from 2027 to 2036, it does not explicitly state their direct relationship to the asset transaction.

What is Stryker Corporation's primary business according to its SIC code?

Stryker Corporation's Standard Industrial Classification (SIC) code is 3841, which corresponds to Surgical & Medical Instruments & Apparatus.

From the Filing

0001193125-25-029187.txt : 20250219 0001193125-25-029187.hdr.sgml : 20250219 20250219085255 ACCESSION NUMBER: 0001193125-25-029187 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250219 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRYKER CORP CENTRAL INDEX KEY: 0000310764 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 381239739 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13149 FILM NUMBER: 25637581 BUSINESS ADDRESS: STREET 1: 1941 STRYKER WAY CITY: PORTAGE STATE: MI ZIP: 49002 BUSINESS PHONE: 2693852600 MAIL ADDRESS: STREET 1: 1941 STRYKER WAY CITY: PORTAGE STATE: MI ZIP: 49002 8-K 1 d934806d8k.htm 8-K 8-K STRYKER CORP false 0000310764 0000310764 2025-02-19 2025-02-19 0000310764 us-gaap:CommonStockMember 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes2.125Due2027Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes3.375Due2028Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes0.750Due2029Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes2.625Due2030Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes1.000Due2031Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes3.375Due2032Member 2025-02-19 2025-02-19 0000310764 syk:SeniorUnsecuredNotes3.625Due2036Member 2025-02-19 2025-02-19     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 earliest event reported): February 19, 2025       Stryker Corporation (Exact name of Registrant as Specified in Its Charter)       Michigan   001-13149   38-1239739 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1941 Stryker Way Portage , Michigan     49002 (Address of Principal Executive Offices)     (Zip Code) Registrant’s Telephone Number, Including Area Code: (269) 385-2600 (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:   ☐ 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(s)   Name of each exchange on which registered Common Stock, $.10 Par Value   SYK   New York Stock Exchange 2.125% Notes due 2027   SYK27   New York Stock Exchange 3.375% Notes due 2028   SYK28   New York Stock Exchange 0.750% Notes due 2029   SYK29   New York Stock Exchange 2.625% Notes due 2030   SYK30   New York Stock Exchange 1.000% Notes due 2031   SYK31   New York Stock Exchange 3.375% Notes due 2032   SYK32   New York Stock Exchange 3.625% Notes due 2036   SYK36   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 (§ 240.1