Becton Dickinson : and Company Announces Results of Early Tenders and Consents in Exchange Offers

FRANKLIN LAKES, N.J., April 9, 2015 /PRNewswire/ -- Becton, Dickinson and Company (NYSE: BDX) ("BD") announced today that, as of 5:00 p.m., New York City time, on April 8, 2015 (the "Early Consent Date"), the aggregate principal amounts listed in the table below of each series of notes listed in the table below (collectively, the "Existing Notes") previously issued by CareFusion Corporation, a wholly owned subsidiary of BD, had been validly tendered and not validly withdrawn in connection with BD's previously announced offers to exchange all validly tendered and accepted notes of each such series of Existing Notes for new notes to be issued by BD (collectively, the "New Notes"), and the related solicitation of consents to amend the indentures governing the Existing Notes. A Registration Statement on Form S-4 (File No. 333-203013) (the "Registration Statement") relating to the issuance of the New Notes was filed with the Securities and Exchange Commission ("SEC") on March 26, 2015, as amended by Amendment No. 1 to Form S-4, filed with the SEC on April 9, 2015, but has not yet been declared effective.

            Series of Existing Notes                 Tenders and Consents                Percentage of Total
                to be Exchanged             Received as of the Early Consent Date       Outstanding Principal
                                                                                  Amount of such Series of Existing
                                                                                                Notes

      1.450% Senior Notes due May 15, 2017                           $291,978,000                             97.33%

     6.375% Senior Notes due August 1, 2019                          $661,140,000                             94.45%

     3.300% Senior Notes due March 1, 2023                           $293,850,000                             97.95%

      3.875% Senior Notes due May 15, 2024                           $396,380,000                             99.10%

      4.875% Senior Notes due May 15, 2044                           $299,877,000                             99.96%

The exchange offers and consent solicitations (together, the "Exchange Offers") are being made pursuant to the terms and conditions set forth in BD's preliminary prospectus, dated as of March 26, 2015 (the "Prospectus"), which forms a part of the Registration Statement, and the related Letter of Transmittal and Consent (the "Letter of Transmittal") that contain a more complete description of the terms and conditions of the Exchange Offers. Subject to the Registration Statement being declared effective, the Exchange Offers will expire at 11:59 p.m. on April 22, 2015.

The dealer managers for the Exchange Offers are:

    Goldman, Sachs & Co.               J.P. Morgan Securities LLC

    200 West Street                    383 Madison Avenue

    New York, New York 10282           New York. New York 10179

    Attention: Liability Management     Attention: Liability Management
     Group                              Group

    Toll-Free: [phone]          Collect: [phone]

    Collect: [phone]            Toll-Free: [phone]

The exchange agent and information agent for the Exchange Offers is:

             D.F. King & Co., Inc.

           48 Wall Street, 22nd Floor

            New York, New York 10005

             Attn: Krystal Scrudato

      Bank and Brokers Call Collect: (212)
                    269-5550

       All Others, Please Call Toll-Free:
                 [phone]

             Email: [e-mail]

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities described herein and is also not a solicitation of the related consents. The Exchange Offers may be made only pursuant to the terms and conditions of the Prospectus, the Letter of Transmittal and the other related materials. A Registration Statement relating to the New Notes has been filed with the SEC but has not yet become effective. The New Notes may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement is declared effective by the SEC.

Contact:
Kristen Cardillo
Media
[phone]
Email: [e-mail]

Monique N. Dolecki
Investor Relations
[phone]
Email: [e-mail]

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SOURCE BD (Becton, Dickinson and Company)