BDX 8-K
Becton Dickinson & Co (BDX)
8-K
2026-02-10
For: 2026-02-10
View Original
Added on
April 12, 2026
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 the earliest event reported): February 10, 2026
(Exact Name of Registrant as Specified in Charter)
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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(201 ) 847-6800
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol
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Name of Each Exchange
on Which Registered |
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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 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
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Item 8.01.
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Other Events
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On February 10, 2026, Becton, Dickinson and Company (the “Company”) announced that it commenced a series of tender offers to
purchase for cash, subject to prioritized acceptance levels, series-specific aggregate principal amount caps, if any, and proration if applicable, up to $1,600,000,000 aggregate purchase price (excluding the applicable accrued interest) of its (i)
6.700% Senior Notes due 2026, (ii) 7.000% Senior Debentures due 2027, (iii) 6.700% Senior Debentures due 2028, (iv) 6.000% Senior Notes due 2039, (v) 4.875% Senior Notes due 2044, (vi) 4.669% Senior Notes due 2047, (vii) 5.000% Senior Notes due
2040, (viii) 4.685% Senior Notes due 2044, (ix) 5.081% Senior Notes due 2029, (x) 3.794% Senior Notes due 2050, (xi) 4.874% Senior Notes due 2029, (xii) 4.693% Senior Notes due 2028, (xiii) 3.700% Senior Notes due 2027, (xiv) 5.110% Senior Notes
due 2034, and (xv) 4.298% Senior Notes due 2032.
Filed herewith as Exhibit 99.1 and incorporated herein by reference is a copy of the Company’s press release announcing the commencement of the
tender offers.
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Item 9.01.
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Financial Statements and Exhibits
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(d) Exhibits
EXHIBIT INDEX
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Exhibit Number
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Description
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Press Release, dated February 10, 2026.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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BECTON, DICKINSON AND COMPANY
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Date: February 10, 2026
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By:
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/s/ Stephanie Kelly |
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Name: | Stephanie Kelly | |
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Title: |
Chief Securities and Governance Counsel and Corporate Secretary
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Exhibit 99.1
Becton, Dickinson and Company Announces Tender Offers for Outstanding Debt Securities
FRANKLIN LAKES, NJ, February 10, 2026 – BD
(Becton, Dickinson and Company) (NYSE: BDX) (the “Company” or “BD”), a leading global medical technology company, today
announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, the “Securities” and each a “series”).
Up to an Aggregate Offer Cap of $1,600,000,000 Aggregate Purchase Price
of the Outstanding Debt Securities Listed Below and each Offer SubCap Listed Below
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Title of
Security
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CUSIP
Number
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Principal
Amount
Outstanding
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Offer SubCap
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Acceptance
Priority
Level(1)
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U.S.
Treasury
Reference
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Bloomberg
Reference
Page
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Fixed
Spread
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Early Tender
Payment (2)(3)
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6.700% Senior Notes due 2026
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Registered: 075887CE7
144A: 075887CD9
Reg S: U0740RAE2
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$137,032,000
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N/A
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1
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4.250% U.S. Treasury Notes due 11/30/2026
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FIT3
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+30 bps
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$30
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7.000% Senior Debentures due 2027
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075887AN9
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$116,054,000
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N/A
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2
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3.500% U.S. Treasury Notes due 1/31/2028
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FIT1
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+20 bps
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$30
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6.700% Senior Debentures due 2028
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075887AQ2
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$112,361,000
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N/A
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3
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3.500% U.S. Treasury Notes due 1/31/2028
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FIT1
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+35 bps
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$30
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6.000% Senior Notes due 2039
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075887AV1
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$122,856,000
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N/A
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4
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4.000% U.S. Treasury Notes due 11/15/2035
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FIT1
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+95 bps
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$30
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4.875% Senior Notes due 2044
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075887BM0
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$224,877,000
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N/A
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5
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4.625% U.S. Treasury Notes due 11/15/2045
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FIT1
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+80 bps
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$30
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4.669% Senior Notes due 2047
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075887BX6
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$1,500,000,000
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$1,000,000,000
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6
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4.625% U.S. Treasury Notes due 11/15/2045
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FIT1
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+70 bps
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$30
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5.000% Senior Notes due 2040
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075887AX7
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$90,878,000
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N/A
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7
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4.000% U.S. Treasury Notes due 11/15/2035
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FIT1
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+100 bps
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$30
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4.685% Senior Notes due 2044
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075887BG3
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$982,883,000
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$450,000,000
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8
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4.625% U.S. Treasury Notes due 11/15/2045
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FIT1
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+60 bps
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$30
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5.081% Senior Notes due 2029
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075887CU1
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$600,000,000
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N/A
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9
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3.500% U.S. Treasury Notes due 1/15/2029
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FIT1
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+30 bps
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$30
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3.794% Senior Notes due 2050
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075887CK3
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$560,000,000
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N/A
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10
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4.625% U.S. Treasury Notes due 11/15/2055
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FIT1
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+65 bps
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$30
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4.874% Senior Notes due 2029
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075887CR8
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$625,000,000
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N/A
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11
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3.500% U.S. Treasury Notes due 1/15/2029
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FIT1
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+30 bps
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$30
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4.693% Senior Notes due 2028
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075887CQ0
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$800,000,000
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N/A
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12
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3.500% U.S. Treasury Notes due 1/31/2028
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FIT1
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+20 bps
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$30
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3.700% Senior Notes due 2027
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075887BW8
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$1,725,018,000
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N/A
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13
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3.500% U.S. Treasury Notes due 1/31/2028
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FIT1
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+30 bps
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$30
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5.110% Senior Notes due 2034
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075887CS6
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$550,000,000
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N/A
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14
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4.000% U.S. Treasury Notes due 11/15/2035
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FIT1
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+45 bps
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$30
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4.298% Senior Notes due 2032
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075887CP2
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$500,000,000
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N/A
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15
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3.750% U.S. Treasury Notes due 1/31/2031
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FIT1
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+65 bps
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$30
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| (1) |
Subject to the Aggregate Offer Cap (as defined below), Offer SubCap (as defined below), if any, and proration if applicable, the principal amount of each series of Securities that is purchased in
the tender offers will be determined in accordance with the applicable Acceptance Priority Level (as defined below and in numerical priority order) specified in this column.
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Per $1,000 principal amount of Securities validly tendered prior to or at the Early Tender Date (as defined below) and accepted for purchase.
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The Total Consideration (as defined below) for each series of Securities validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable Fixed
Spread and is inclusive of the applicable Early Tender Payment (as defined below). The Total Consideration for each series of Securities does not include the applicable Accrued Interest (as defined below), which will be payable in addition
to the applicable Total Consideration.
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Subject to the terms and conditions set forth in the offer to purchase, dated February
10, 2026 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), the Company is offering to purchase for cash up to $1,600,000,000 aggregate purchase price, excluding the
applicable Accrued Interest (which, subject to applicable law, may be increased or decreased in the Company’s sole discretion, the “Aggregate Offer Cap”) of its (i) 6.700% Senior Notes
due 2026, (ii) 7.000% Senior Debentures due 2027, (iii) 6.700% Senior Debentures due 2028, (iv) 6.000% Senior Notes due 2039, (v) 4.875% Senior Notes due 2044, (vi) 4.669% Senior Notes due 2047, (vii) 5.000% Senior Notes due 2040, (viii) 4.685%
Senior Notes due 2044, (ix) 5.081% Senior Notes due 2029, (x) 3.794% Senior Notes due 2050, (xi) 4.874% Senior Notes due 2029, (xii) 4.693% Senior Notes due 2028, (xiii) 3.700% Senior Notes due 2027, (xiv) 5.110% Senior Notes due 2034, and (xv)
4.298% Senior Notes due 2032, in the order of priority set forth in the table above (each, an “Acceptance Priority Level”), subject to an aggregate principal amount of each series of
Securities that does not exceed the applicable Offer SubCap, if any, set forth in the table above (each, an “Offer SubCap”) (collectively, the “Tender Offers”); provided that the Company will only accept for purchase up to an aggregate purchase price, excluding the applicable Accrued Interest, of all series of Securities that does not exceed the Aggregate Offer
Cap. The Company reserves the right, but is under no obligation, to increase or decrease the Aggregate Offer Cap and/or any of the Offer SubCaps at any time, subject to applicable law. The Company
refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
The Tender Offers will expire at 5:00 p.m., New York City time, on March 11, 2026, or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as
it may be extended with respect to a Tender Offer, the applicable “Expiration Date”), unless earlier terminated. Holders of Securities must validly tender and not validly withdraw their Securities prior to or at 5:00 p.m., New York City
time, on February 24, 2026 (such date and time, as it may be extended with respect to a Tender Offer, the “Early Tender Date”), to be eligible to receive the applicable Total
Consideration (as defined below), which is inclusive of an amount in cash equal to the applicable amount set forth in the table above under the heading “Early Tender Payment” (the “Early Tender Payment”), plus Accrued Interest. If a
holder validly tenders Securities after the applicable Early Tender Date but prior to or at the applicable Expiration Date, the holder will only be eligible to receive the applicable Late Tender Offer Consideration (as defined below) plus
Accrued Interest.
The applicable consideration (the “Total Consideration”) offered per $1,000
principal amount of each series of Securities validly tendered and accepted for purchase pursuant to the applicable Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for
such Securities specified in the table above plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above as displayed on the
applicable Bloomberg Bond Trader FIT1 or FIT3 page, as applicable, specified in the table above at 10:00 a.m., New York City time, on February 25, 2026. The “Late Tender Offer Consideration” is equal to the Total Consideration minus the Early Tender Payment.
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The Tender Offers will expire on the applicable Expiration Date. Except as set forth
below, payment for the Securities that are validly tendered prior to or at the Expiration Date will be made on a date promptly following the Expiration Date, which is currently anticipated to be March 13,
2026, the second business day after the Expiration Date. The Company reserves the right, in its sole discretion, to make payment for Securities that are validly tendered prior to or at the Early
Tender Date and that are accepted for purchase on an earlier settlement date, which, if applicable, is currently anticipated to be February 27, 2026, provided that the conditions to the
satisfaction of the applicable Tender Offer are satisfied.
Holders will also receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the applicable last interest
payment date up to, but not including, the applicable settlement date of each Tender Offer (“Accrued Interest”).
Tendered Securities may be validly withdrawn prior to or at, but not after, 5:00 p.m.,
New York City time, on February 24, 2026.
The Tender Offers are subject to the satisfaction or waiver of certain conditions, which
are specified in the Offer to Purchase. The Tender Offers are not conditioned upon the tender of any minimum principal amount of the Securities.
Information Relating to the Tender Offers
The Offer to Purchase is being distributed to holders beginning today. Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the lead dealer managers for the Tender Offers. Scotia Capital (USA) Inc., MUFG Securities Americas
Inc. and U.S. Bancorp Investments, Inc. are co-dealer managers for the Tender Offers. Investors with questions regarding the Tender Offers may contact Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect) or by email at [email protected] or Wells Fargo Securities, LLC at (866) 309-6316 (toll-free) or (704) 410-4759 (collect) or by email at [email protected]. Global Bondholder Services Corporation is the tender and information agent for the Tender Offers
and can be contacted at (855) 654-2015 (toll-free) or (212) 430-3774 (collect).
None of the Company or its affiliates, their respective boards of directors, their respective officers, the dealer managers, the tender and information
agent or the trustee with respect to any series of Securities is making any recommendation as to whether holders should tender any Securities in response to any of the Tender Offers, and neither the Company nor any such other person has authorized
any person to make any such recommendation. Holders must make their own decisions as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.
The full details of the Tender Offers, including complete instructions on how to tender
Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to
Purchase may be downloaded from Global Bondholder Services Corporation’s website at www.gbsc-usa.com/BectonDickinson or obtained from Global Bondholder Services Corporation, free of charge, by calling toll-free at (855) 654-2015 (bankers and brokers can call collect at (212) 430-3774).
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About BD
BD is one of the world’s largest pure-play medical technology companies with a Purpose of advancing the
world of health™ by driving innovation across medical essentials, connected care, biopharma systems and interventional. The company supports those on the frontlines of healthcare by developing transformative technologies, services and
solutions that optimize clinical operations and improve care for patients. Operating across the globe, with more than 60,000 employees, BD delivers billions of products annually that have a positive impact on global healthcare. By working in close
collaboration with customers, BD can help enhance outcomes, lower costs, increase clinical efficiency, improve safety and expand access to healthcare.
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Contacts:
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Media
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Investors
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Matt Marcus
VP, Public Relations
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Shawn Bevec
SVP, Investor Relations
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Forward-Looking Statements
This press release contains certain estimates and other forward-looking statements (as defined under federal securities laws) regarding BD’s performance, including in
relation to the consummation of the Tender Offers. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described,
implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, a number of factors could cause actual results to vary materially. These factors include, but are not limited to: risks relating to
the satisfaction of the conditions to the Tender Offers, as well as other factors discussed in BD’s filings with the Securities and Exchange Commission. BD does not intend to update any forward-looking statements to reflect events or circumstances
after the date hereof, except as required by applicable laws or regulations.
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