NEW YORK – Becton Dickinson disclosed this week that it is offering a total of $1.5 billion in notes to repay some debt and to fund a partial redemption of other notes.
In a document filed with the US Securities and Exchange Commission on Monday, the Franklin Lakes, New Jersey-based firm said it is offering $750 million aggregate principal amount of 2.823 percent notes due in 2030 and $750 million aggregate principal amount of 3.794 percent notes due in 2050. The notes will be payable in cash semiannually in arrears on May 20 and Nov. 20 of each year starting this November.