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Becton Dickinson issues euro and sterling offerings

Becton Dickinson and Co. entered into underwriting agreements to sell €300 million of its 1.401% notes due 2023 and £250 million of its 3.02% notes due 2025.

The company intends to use the net proceeds from the offerings to redeem all of the outstanding 4.400% notes due 2021 and 3.000% notes due 2026 issued by it and its wholly owned unit C. R. Bard Inc.

Becton Dickinson expects to use any remaining proceeds to repay an aggregate $130 million in principal amount outstanding under its three-year term loan facility.

The company expects the offerings to be completed by May 24.