Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.
On
The Company may redeem the 2030 Notes, in whole or in part, (A) at any time
prior to
If a Change of Control Triggering Event (as defined in the Notes) occurs with
respect to each series of Notes, unless the Company has executed its right to
redeem such Notes as described above, the Company will be required to make an
offer to each holder of outstanding Notes to repurchase all or any portion of
that holder's Notes (in integral multiples of
Each of the following constitutes an event of default under the Indenture with respect to either series of Notes: (1) failure to pay any installment of interest on any security of such series when due and payable, continued for 30 days; (2) failure to pay the principal when due of such series, whether at its stated maturity or otherwise; (3) failure to observe or perform any other covenants, conditions or agreements of the Company with respect to such securities for 60 days after the Company receives notice of such failure; or (4) certain events of bankruptcy, insolvency or reorganization. If an event of default occurs, the principal amount of the Notes may be accelerated pursuant to the Indenture.
The Indenture includes requirements that must be met if the Company consolidates or merges with, or sells all or substantially all of the Company's assets to, another entity.
The foregoing summary is qualified in its entirety by reference to the text of
the Indenture, a copy of which is incorporated by reference to Exhibit 4(a) to
the Company's Current Report on Form 8-K filed on
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
4.1 Form of 2.823% Notes dueMay 20, 2030 . 4.2 Form of 3.794% Notes dueMay 20, 2050 . 5.1 Opinion ofGary DeFazio , Senior Vice President, Corporate Secretary and Associate General Counsel ofBecton, Dickinson and Company . 5.2 Opinion ofSkadden, Arps, Slate, Meagher and Flom LLP . 23.1 Consent ofGary DeFazio , Senior Vice President, Corporate Secretary and Associate General Counsel ofBecton, Dickinson and Company (included as part of Exhibit 5.1). 23.2 Consent ofSkadden, Arps, Slate, Meagher & Flom LLP (included as part of Exhibit 5.2). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source