Stryker Corp. Enters Material Definitive Agreement

Ticker: SYK · Form: 8-K · Filed: 2025-02-27T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, material-definitive-agreement

Related Tickers: SYK

TL;DR

Stryker just filed an 8-K about a material definitive agreement, looks like they're issuing a bunch of new debt notes.

AI Summary

On February 25, 2025, Stryker Corporation entered into a material definitive agreement related to financial obligations. The filing details various senior unsecured notes with different maturity dates and interest rates, including notes due in 2027, 2028, 2029, 2030, 2031, 2032, and 2036.

Why It Matters

This filing indicates Stryker Corporation is engaging in significant financial transactions, likely related to debt financing or refinancing, which could impact its capital structure and future investment capacity.

Risk Assessment

Risk Level: medium — The filing pertains to financial obligations and debt instruments, which inherently carry financial risks for the company and its investors.

Key Players & Entities

FAQ

What specific material definitive agreement did Stryker Corporation enter into on February 25, 2025?

The filing indicates Stryker Corporation entered into a material definitive agreement related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, specifically detailing various senior unsecured notes.

What are the different types of senior unsecured notes mentioned in the filing and their maturity dates?

The filing mentions senior unsecured notes with maturity dates in 2027 (2.125%), 2028 (3.375%), 2029 (0.750%), 2030 (2.625%), 2031 (1.000%), 2032 (3.375%), and 2036 (3.625%).

What is the filing date of this 8-K report for Stryker Corporation?

The 8-K report for Stryker Corporation was filed as of February 27, 2025.

What is Stryker Corporation's Standard Industrial Classification (SIC) code?

Stryker Corporation's SIC code is 3841, which corresponds to Surgical & Medical Instruments & Apparatus.

What is the business address and phone number for Stryker Corporation listed in the filing?

Stryker Corporation's business address is 1941 Stryker Way, Portage, MI 49002, and their business phone number is 2693852600.

From the Filing

0001193125-25-039302.txt : 20250227 0001193125-25-039302.hdr.sgml : 20250227 20250227163029 ACCESSION NUMBER: 0001193125-25-039302 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250225 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: 20250227 DATE AS OF CHANGE: 20250227 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: 25679569 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 d904508d8k.htm 8-K 8-K STRYKER CORP Employee) false 0000310764 0000310764 2025-02-25 2025-02-25 0000310764 us-gaap:CommonStockMember 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes2.125Due2027Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes3.375Due2028Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes0.750Due2029Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes2.625Due2030Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes1.000Due2031Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes3.375Due2032Member 2025-02-25 2025-02-25 0000310764 syk:SeniorUnsecuredNotes3.625Due2036Member 2025-02-25 2025-02-25 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 25, 2025       STRYKER CORPORATION (Exact name of registrant as specified in its charter)   Michigan   001-13149   38-1239739 (State of incorporation)   (Commission File Number)   (I.R.S. Employee Identification No.) 1941 Stryker Way Portage , Michigan   49002 (Address of principal executive offices)   (Zip Code) (269) 385-2600 (Registrant’s telephone number, including area code)     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

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