BECTON DICKINSON & CO 8-K

What Happened Becton, Dickinson and Company filed an 8‑K on February 10, 2026 announcing that it commenced a series of tender offers to purchase for cash up to $1,600,000,000 aggregate purchase price (excluding accrued interest) of multiple series of its outstanding senior notes. The offers are subject to prioritized acceptance levels, series‑specific aggregate principal amount caps (if any), and proration where applicable. The company filed a press release about the tender offers as Exhibit 99.1.

Key Details

• Aggregate offer size: up to $1,600,000,000 (excluding accrued interest).
• Date announced: February 10, 2026.
• Targeted securities include multiple senior notes and debentures with maturities spanning 2026 through 2050 (examples: 6.700% due 2026; 7.000% due 2027; 3.794% due 2050).
• Offers are subject to prioritized acceptance levels, series‑specific caps, and proration (i.e., purchases may be limited if total tenders exceed caps).

Why It Matters This is a debt-management action: if completed, the tender offers would reduce certain outstanding bonds and alter the company’s debt profile. For investors, this can affect BDX’s interest expense, cash use, and credit metrics—though the filing only announces the offers, not completion or financing sources. Bondholders in the listed series should review offer terms (including any caps and proration) and the company press release (Exhibit 99.1) for details before deciding whether to tender.