BD entered into an underwriting agreement to issue €600 million of 3.855% Notes due 2033, guaranteed by BD, to refinance existing 1.208% Euro Notes due June 2026.
Key takeaways
BD subsidiary Becton Finance issued €600M 3.855% Notes due 2033 to refinance near-term debt.
The notes are fully and unconditionally guaranteed by BD on a senior unsecured basis.
Proceeds will repay the €600M 1.208% Euro Notes due June 4, 2026, plus fees.
Certain underwriters may hold the existing notes and receive a portion of proceeds.
The offering is expected to close on May 20, 2026, subject to customary conditions.