Becton, Dickinson and Company Completes Underwritten Public Offerings Raising More than $1.3 Billion

March 1, 2018

Becton, Dickinson and Company, a manufacturer of medical supplies and devices, completed underwritten public offerings of $1,000,000,000 principal amount of its floating rate notes due 2020 and €300,000,000 principal amount of its 0.368% notes due 2019, which closed on March 1 and February 22 respectively. The proceeds from the offerings will be used by Becton Dickinson to repay $1,366,000,000 principal amount outstanding under its credit facilities.

S&C represented the underwriters in both offerings.  Underwriters were led by Barclays Capital Inc. and Wells Fargo Securities, LLC in the FRN offering. Barclays Bank PLC was the sole underwriter in the Euro offering.  

The S&C team was led by Robert Buckholz, Abigail Yevnin and Grace Chung. Jeffrey Hochberg, Saul Brander and Michael Hogan advised on tax matters. Dana Brodsky advised on ERISA matters. Tracey Russell advised on FINRA matters. In the February 22 offering, Kirsten Rodger advised on EEA matters.