Stryker readies $600m debt refi

This article was originally published here

Stryker (NYSE:SYK) last week readied a $600 million debt offering it plans to use to retire other debt.

The Kalamazoo, Mich.-based medical device maker said it plans to close its flotation of 3.65% notes due 2028 on March 7.

Net proceeds, estimated at $595 million, are slated to repay some $600 million worth of 1.30% notes due April 1, Stryker said in a regulatory filing.

The post Stryker readies $600m debt refi appeared first on MassDevice.

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