Stryker entered into a revolving credit agreement on February 25, 2025 with Wells Fargo Bank, National Association, as administrative agent. The aggregate commitments total $3.0 billion.

1. 01

   Stryker entered into a revolving credit agreement on February 25, 2025 with Wells Fargo Bank, National Association, as administrative agent. The aggregate commitments total $3.0 billion.

2. 02

   The company said the new Credit Agreement replaces its previous revolving credit agreement, dated as of October 26, 2021, which was entered into in 2021. It said the new agreement matures on February 25, 2030.

3. 03

   The company set a maximum permitted leverage ratio of 3.75:1 at the end of any fiscal quarter. Upon certain material acquisitions, it may elect to raise the ratio to 4.75:1 up to 2 times during the agreement's term, for four consecutive fiscal quarters, and the ratio then steps down by 0.25:1 in each of the next four quarters.

4. 04

   The company said undrawn loans carry an annual facility fee of 7.0 to 15.0 basis points. Applicable margins are 0 to 10 basis points for Base Rate loans and 68 to 110 basis points for Eurocurrency Rate and RFR loans, and both the facility fee and the margin depend on its credit ratings.

Analysis 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.

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.