Stryker announced the pricing of a $600 million offering of senior unsecured notes due 2028.
Here are four highlights:
1. The company's notes have a 3.65 percent annual interest rate.
2. Stryker's offering is expected to settle March 7, subject to customary closing conditions.
3. Stryker plans to use the proceeds to repay $600 million of the company's previous 1.30 percent notes due April 1.
4. Goldman Sachs & Co., Morgan Stanley and Wells Fargo are active joint book running managers for Stryker's offering.