BD Announces Results of Offer to Repurchase its 3.000% Notes Due 2026

Published: Mar 02, 2018

FRANKLIN LAKES, N.J., March 1, 2018 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX) announced today the results of its previously announced offer to repurchase (the "Offer") any and all of its outstanding 3.000% Notes due May 15, 2026 (the "Notes") in accordance with the terms and conditions set forth in the offer to repurchase, dated January 8, 2018 (the "Offer to Repurchase"). The Offer expired at 5:00 p.m., New York City time, on March 1, 2018 (the "Expiration Date").

As of the Expiration Date, a total of $460,687,000 aggregate principal amount of Notes were validly tendered and not validly withdrawn, representing approximately 98.04% of the total outstanding aggregate principal amount of Notes. Pursuant to the terms of the Offer, holders who validly tendered and did not validly withdraw their Notes prior to the Expiration Date are entitled to receive cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase, subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest payment date, which is equivalent to $1,015.58 per $1,000 principal amount of Notes tendered. The settlement date of the Offer is expected to occur on March 6, 2018.

The tender and information agent for the Offer is Global Bondholder Services Corporation. Questions regarding the Offer may be directed to Global Bondholder Services Corporation at (866) 470-3900 (U.S. toll-free) or (212) 430-3774 (banks and brokers).

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