Becton Dickinson calls $1.7 billion of own notes, CareFusion notes

New York, May 18 – Becton, Dickinson and Co. announced it will redeem $1.7 billion principal amount of three series of its own notes and four series of notes issued by its CareFusion Corp. subsidiary.

The securities to be repaid are Becton Dickinson’s 1.8% notes due Dec. 15, 2017, 5% notes due May 15, 2019 and 6.375% notes due Aug. 1, 2019 and CareFusion’s 3.3% senior notes due 2023, 3.875% senior notes due 2024, 4.875% senior notes due 2044 and 6.375% senior notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

All the notes will be redeemed on June 19.

Becton Dickinson said financing will come from one or more offerings of dollar-denominated and euro-denominated senior notes, debt that will also be used to help fund the company’s acquisition of C.R. Bard, Inc.

Becton Dickinson is a Franklin Lakes, N.J., medical technology and supply company.

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