Navigation Links
Stryker Corporation Announces Pricing of Senior Notes

KALAMAZOO, Mich., Jan. 12 /PRNewswire-FirstCall/ -- Stryker Corporation (NYSE: SYK) announced today that it has priced an offering to sell $500 million of senior unsecured notes due 2015 (the "2015 Notes") and $500 million of senior unsecured notes due 2020 (the "2020 Notes").  The 2015 Notes will bear interest at 3.00% per year and, unless previously redeemed, will mature on January 15, 2015.  The 2020 Notes will bear interest at 4.375% per year and, unless previously redeemed, will mature on January 15, 2020.  

The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including acquisitions, stock repurchases and other business opportunities.  

As previously announced, BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities are acting as joint book-running managers for the offering.  This offering is being made pursuant to a prospectus supplement to the Company's prospectus, dated January 12, 2010, filed as part of the Company's effective universal shelf registration statement.  Copies of the preliminary prospectus supplement and accompanying prospectus relating to the notes may be obtained by contacting the joint book-running managers: Banc of America Securities, Attn: Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, NY 10001, or by calling 800-294-1322 or by emailing; Barclays Capital, c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 888-603-5847 or by emailing; or Wells Fargo Securities, Attn: Syndicate Operations, 1525 West W.T. Harris Blvd. NC0675, Charlotte, NC 28262 or by calling 800-326-5897 or by emailing

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains information that includes or is based on forward-looking statements within the meaning of the federal securities law that are subject to various risks and uncertainties that could cause the Company's actual results to differ materially from those expressed or implied in such statements. Such factors include, but are not limited to: the Company's ability to consummate the offering of senior unsecured debt securities; weakening of general economic conditions; changes in financial markets; and other risks and uncertainties contained in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Stryker Corporation is one of the world's leading medical technology companies with the most broadly based range of products in orthopaedics and a significant presence in other medical specialties. Stryker works with respected medical professionals to help people lead more active and more satisfying lives. The Company's products include implants used in joint replacement, trauma, and spinal surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; as well as other medical device products used in a variety of medical specialties. For more information about Stryker, please visit

SOURCE Stryker Corporation



SOURCE Stryker Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Strykers Biotech Division Receives FDA Warning Letter
2. Stryker Operating Results for Quarter Ended September 30, 2009
3. Stryker Biotech and its Top Management Indicted for Illegal Promotion of Medical Devices Used in Invasive Surgeries
4. Stryker Announces Change in Chairman of the Board of Directors
5. Stryker Modifies Its Dividend Policy and Declares Transition Dividend
6. Stryker Announces Agreements To Acquire Assets
7. Stryker Updates Expected 2009 Results and Provides 2010 Outlook
8. Stryker Completes Acquisition of Ascent Healthcare Solutions
9. RoundTable Healthcare Partners Announces Sale of Ascent Healthcare Solutions to Stryker Corporation
10. Stryker Announces $750 Million Share Repurchase Program and Declares a $0.15 Per Share Quarterly Dividend
11. Genaera Corporation Presents Interim Phase 1 Data for Obesity Compound Trodusquemine (MSI-1436) at IBC Conference
Post Your Comments:
(Date:12/1/2015)... 1, 2015  InCarda Therapeutics, Inc. (InCarda), a privately-held ... therapies for cardiovascular conditions via the inhalation route, today ... Australia . InCarda is planning to ... Australia in the first half of 2016. ... centers in Adelaide and Melbourne.  ...
(Date:12/1/2015)...  The migration to value-based care will require ... that help patients stay healthy and reduce healthcare ... enabled, incorporate care guidelines and be reflective of ... also allow all stakeholders to collaborate across care ... That is the vision, however, research by Chilmark ...
(Date:12/1/2015)... , Dec. 01, 2015 ... of the "Medical Alert Systems/Personal Emergency Response ... by Geography - Global Forecas" report to ... announced the addition of the "Medical Alert ... by End-User and by Geography - Global Forecas" ...
Breaking Medicine Technology:
(Date:11/30/2015)... ... December 01, 2015 , ... The Turks & Caicos Islands ... the leading digital news sites highlighting Caribbean destinations, has published five reasons to visit ... of North America shivers under chilly grey skies or worse, it's typically a balmy ...
(Date:11/30/2015)... ... December 01, 2015 , ... The National Association of Professional Women ... Woman of the Year Circle. She is recognized with this prestigious distinction for leadership ... professional women, boasting more than 850,000 members and over 200 operating Local Chapters. , ...
(Date:11/30/2015)... ... November 30, 2015 , ... 1Heart Caregiver Services’ ... the Federation of Philippine American Chambers of Commerce held from November 6-8, 2015 ... 1Heart Caregiver Services, as an active delegate from the Philippine American Chamber of ...
(Date:11/30/2015)... ... November 30, 2015 , ... Being ... At the VA Maryland Health Care System, the Caregiver Support Program promotes ... “Caregivers have a difficult job. Seventy-four percent report that their role as a ...
(Date:11/30/2015)... Alexandria, VA (PRWEB) , ... November 30, 2015 ... ... Applied Research Foundation (Meso Foundation) released information for caregivers and held two webinars ... webinars are available on demand free of charge at . , ...
Breaking Medicine News(10 mins):