NEW YORK (360Dx) – Becton Dickinson disclosed this week it has entered into a $750 million, 364-day term loan agreement.
Wells Fargo is the administrative agent of the agreement for the senior unsecured term loan facility, which was disclosed in a document filed with the US Securities and Exchange Commission. Franklin Lakes, New Jersey-based BD said that borrowings under the facility were used to partially refinance a three-year term loan agreement inked in May 2017 with Citibank and other lenders.
The new loan agreement was reached on Sept. 6.