AI English summary of an SEC filing — figures as filed
Becton Dickinson BDXBD entered into underwriting agreements on February 5, 2024 to sell $625,000,000 of 4.874% notes due 2029 and $550,000,000 of 5.110% notes due 2034 to the USD underwriters.
Key points
AI summaryBD entered into underwriting agreements on February 5, 2024 to sell $625,000,000 of 4.874% notes due 2029 and $550,000,000 of 5.110% notes due 2034 to the USD underwriters.
The company said it will sell €750,000,000 of 3.519% notes due 2031 to the EUR underwriters and expects both offerings to be completed on or about February 8, 2024, subject to customary closing conditions.
The company said it expects to use the net proceeds from the EUR notes offering to repay the outstanding principal balance of $144 million of its 3.875% notes due 2024 and $998 million of its 3.363% notes due 2024. It said it will use cash on hand to pay accrued interest, premiums, fees and expenses related to the repayments.
The company said it expects to use the net proceeds from the USD notes offering to repay the outstanding principal balance of $998 million of its 3.363% notes due 2024 and $875 million of its 3.734% notes due 2024. Until the proceeds are finally applied, it said it may use them temporarily for general corporate purposes.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
USD notes offering: notes due 2029 and 2034
BD entered into underwriting agreements on February 5, 2024 to sell $625,000,000 of 4.874% notes due 2029 and $550,000,000 of 5.110% notes due 2034 to the USD underwriters.
Source · Based on the filing body and exhibits
EUR notes offering and expected closing date
The company said it will sell €750,000,000 of 3.519% notes due 2031 to the EUR underwriters and expects both offerings to be completed on or about February 8, 2024, subject to customary closing conditions.
Source · Based on the filing body and exhibits
Use of net proceeds from the EUR offering
The company said it expects to use the net proceeds from the EUR notes offering to repay the outstanding principal balance of $144 million of its 3.875% notes due 2024 and $998 million of its 3.363% notes due 2024. It said it will use cash on hand to pay accrued interest, premiums, fees and expenses related to the repayments.
Source · Based on the filing body and exhibits
Use of net proceeds from the USD offering
The company said it expects to use the net proceeds from the USD notes offering to repay the outstanding principal balance of $998 million of its 3.363% notes due 2024 and $875 million of its 3.734% notes due 2024. Until the proceeds are finally applied, it said it may use them temporarily for general corporate purposes.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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