BD (NYSE:BDX) announced that Morgan Stanley commenced cash tender offers on five sets of notes worth a maximum combined purchase price of $200 million.
Franklin Lakes, New Jersey-based BD said in a news release that the tender offers made by Morgan Stanley are pursuant to an offer to purchase dated March 16, 2022.
The notes include:
- Floating rate notes due June 2022
- 3.363% notes due June 2024
- 3.875% notes due May 2024
- 3.734% notes due December 2024
- 3.7% notes due June 2027
Each offer is scheduled to expire at 11:59 p.m. ET on April 12, 2022, unless extended or earlier terminated by Morgan Stanley. To receive the total consideration, holders must validly tender and not validly withdraw notes at or prior to 5 p.m. ET on March 29, 2022, unless the deadline is extended.