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Form 8-K · Current Report · Filed 2024-09-11

Stryker Corporation Completes $2.311 Billion Euro and USD Notes Offerings

On September 11, 2024, Stryker Corporation completed a public offering of €800 million aggregate principal amount of 3.375% Notes due 2032 and €600 million aggregate principal amount of 3.625% Notes due 2036 (Euro Notes) and $750 million aggregate principal amount of 4.250% Notes due 2029 and $750 million aggregate principal amount of 4.625% Notes due 2034 (USD Notes).

Filer
Stryker Corporation SYK · NYSE
Filed
Accession
0001193125-24-217275
CIK
0000310764
Signal
Medium impactHealthcare

Details

The Euro Notes and USD Notes were issued under separate indentures and underwriting agreements. The Company expects to use the net proceeds to repay existing debt and for general corporate purposes. All documents related to the offerings are filed as exhibits to this 8-K report.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$365.05

Next session

+0.8%

Since filing

-10.8%

Latest close

$325.70

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SYK reporting the same item, with the next session's move:

Exhibits (10)

About Stryker Corporation

Stryker Corporation is a prominent player in the medical technology industry, known for its innovative solutions across healthcare sectors such as orthopedics, medical and surgical, and neurotechnology and spine. The company's purpose is to enhance patient care through its wide array of products, including surgical equipment and advanced medical devices. Stryker plays a critical role in the healthcare market by providing essential tools and technologies that assist in improving surgical precision and patient recovery processes. With a continuous focus on research and development, Stryker Corporation remains at the forefront of medical advancements, directly impacting hospitals, surgical centers, and healthcare providers globally. The company's extensive distribution network and partnerships with medical professionals ensure that its technologies contribute to improving health outcomes across diverse geographical regions.

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