On January 25, 2023, Becton, Dickinson and Company and Becton Dickinson Euro Finance S.à r.l. entered into that certain second amended and restated credit agreement with Citibank, N.A. as administrative agent, and the lenders named in the Credit Agreement. The Credit Agreement amended and restated the Company's existing amended and restated credit agreement, dated as of September 24, 2021 with Citibank, as administrative agent, and the lenders named therein. The effectiveness of commitments under the Credit Agreement is subject to certain customary conditions precedent.

The Credit Agreement is a senior unsecured revolving credit facility that provides the Company with $2.75 billion of financing, including a $100 million letter of credit subfacility and a $194 million swingline loan subfacility (under which advances may be denominated in Euros), and expires in September, 2026. The expiration date of the credit facility may be extended for up to two additional one year periods, subject to certain restrictions (including the consent of the lenders). The credit facility provides that the Company may, subject to additional commitments by lenders, request an additional $500 million of financing, for a maximum aggregate commitment under the credit facility of up to $3.25 billion.

Borrowings under the credit facility may be used for general corporate purposes, and BD Euro Finance is authorized as a borrower under the credit facility. Interest rates on borrowings under the Credit Agreement will be based on prevailing interest rates, benchmarked based on Term SOFR and subject to the Company's credit ratings, as described in the Credit Agreement.