On September 24, 2021, Becton, Dickinson and Company entered into an amended and restated credit agreement with Citibank, N.A., as administrative agent, and the lenders named in the Credit Agreement. The Credit Agreement amended and restated the Company’s existing credit agreement, dated as of May 12, 2017, with Citibank, as administrative agent, and the lenders named therein. The effectiveness of commitments under the Credit Agreement is subject to certain customary conditions precedent. The Credit Agreement is a senior unsecured revolving credit facility that provides the Company with $2.75 billion of financing, including a $100 million letter of credit subfacility and a $100 million swingline loan subfacility, and expires in September 2026. The expiration date of the credit facility may be extended for up to two additional one year periods, subject to certain restrictions (including the consent of the lenders). The credit facility provides that the Company may, subject to additional commitments by lenders, request an additional $500 million of financing, for a maximum aggregate commitment under the credit facility of up to $3.25 billion. Borrowings under the credit facility may be used for general corporate purposes. Interest rates on borrowings under the Credit Agreement will be based on prevailing interest rates, subject to customary LIBOR succession provisions, and the Company’s credit ratings. The Credit Agreement contains customary representations and affirmative and negative covenants. The financial covenants in the Credit Agreement require the Company to have, as of the last day of each fiscal quarter following the closing of the credit facility, a Leverage Ratio of no more than (1) 4.25:1.00 or (2) 4.75:1.00 for the four full fiscal quarters following the consummation of a material acquisition. The Credit Agreement also contains customary events of default (including non-payment of principal or interest and breaches of covenants). If any event of default occurs and is not cured within the applicable grace period, the outstanding loans under the facility may be accelerated by lenders holding a majority of the commitments under the Credit Agreement and the lenders’ commitments under the Credit Agreement may be terminated.