BD amends $2.75 billion revolving credit facility, expiring September 2030
Becton, Dickinson and Company entered a third amended and restated senior unsecured revolving credit agreement with Citibank as administrative agent, replacing its prior January 2023 facility. The facility provides $2.75 billion of financing and can be increased by up to $500 million, to a maximum of $3.25 billion, subject to lender commitments. The filing sets out a leverage ratio covenant and says the company guarantees obligations of other borrowers.
Key points
- Facility provides $2.75 billion; accordion option allows up to $3.25 billion aggregate commitment
- Expires in September 2030, with possible extensions of up to two one-year periods
- Covenant requires a Leverage Ratio of no more than 4.25:1.00, or 4.75:1.00 for five quarters after a material acquisition
- Agreement dated September 16, 2025; BD Euro Finance S.à r.l. is authorized as a borrower
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.