BDX BECTON DICKINSON & CO
Price Chart
Executive Summary
Becton, Dickinson and Company (BDX) announced the pricing and acceptance results of its tender offers to repurchase up to $2 billion of its outstanding debt securities. The company accepted $1.97 billion in aggregate principal amount across multiple series of notes, with the 3.794% Senior Notes due 2050 being prorated due to oversubscription. The Aggregate Offer Cap was increased from $1.6 billion to $2 billion.
Actionable Insight
Monitor BDX's future cash flow and debt levels, as this tender reduces future interest payments but represents a significant cash outflow. The proration of the 3.794% notes suggests strong investor participation, indicating market confidence in BDX's credit profile.
Key Facts
- BDX increased its Aggregate Offer Cap from $1.6 billion to $2 billion for tender offers of outstanding debt
- Total accepted principal amount: $1.97 billion across 10 series of notes
- The 3.794% Senior Notes due 2050 were prorated due to oversubscription
- The tender offers were fully subscribed at the early tender date
- Accepted notes will be retired and cancelled, reducing BDX's debt obligations
Financial Impact
Approximately $1.97 billion in debt repurchase, reducing future interest obligations
Risk Factors
- Significant cash outflow of nearly $2 billion could impact liquidity
- Potential need to issue new debt at different rates to refinance
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-006794 |
| Document: ef20066348_ex99-1.htm | 0001140361-26-006794 |
| Document: ef20066348_8k.htm | 0001140361-26-006794 |
| Document: 0001140361-26-006794-index-headers.html | 0001140361-26-006794 |
| Document: 0001140361-26-006794-index.html | 0001140361-26-006794 |
| Document: 0001140361-26-006794.txt | 0001140361-26-006794 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
6d ago
|
Insider Cluster
| $145.54 $149.44 | ▲ +2.68% | ▲ +2.28% | $149.99 (+3.06%) |
|
May 29, 2026
11d ago
|
8-K
| $146.96 $145.33 | ▼ −1.11% | ▼ −1.37% | $149.99 (+2.06%) |
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Apr 2, 2026
9w ago
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8-K
| $155.23 $154.96 | ▼ −0.17% | ▼ −0.23% | $149.99 (−3.37%) |
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Feb 25, 2026
14w ago
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8-K
| $176.49 $176.32 | ▼ −0.10% | ▲ +0.36% | $149.99 (−15.01%) |
US Market Status
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