Form 8-K · Current report
Baxter International 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0000010456
- Accession no.
- 0001628280-26-052180
Summary
Baxter International (NYSE: BAX) commenced cash tender offers to buy back up to $500 million in aggregate purchase price, excluding accrued and unpaid interest, of four series of its outstanding senior notes, with early tender and withdrawal deadlines of August 17, 2026 and a scheduled expiration of September 1, 2026. BofA Securities, J.P. Morgan Securities and Goldman Sachs are lead dealer managers, with Citigroup, Mizuho Securities USA and SG Americas Securities as co-dealer managers; the company and the dealer managers said they make no recommendation on whether holders should tender.
Key points
- The offers cover four series: 3.132% Senior Notes due 2051, 3.500% Senior Notes due 2046, 4.500% Senior Notes due 2043 and 2.539% Senior Notes due 2032.
- The aggregate purchase price cap is $500 million, excluding accrued and unpaid interest, with acceptance in a waterfall order by priority level starting with the 2051 notes.
- The early tender deadline and withdrawal deadline are 5:00 p.m. New York City time on August 17, 2026, with the offers scheduled to expire September 1, 2026.
- An early tender premium of $30 per $1,000 principal amount is included in the total consideration for notes tendered at or before the early tender time.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01 Other Events. On August 4, 2026, Baxter International Inc. (the “Company”) issued a press release announcing the commencement of cash tender offers (each, an “Offer” and together, the “Offers”) to purchase up to $500 million in aggregate purchase price (excluding accrued and unpaid interest) of one or more series of the Company’s outstanding 3.132% Senior Notes due 2051, 3.500% Senior Notes due 2046, 4.500% Senior Notes due 2043 and 2.539% Senior Notes due 2032 (together, the “Notes”), upon the terms and subject to the conditions set forth in the Company’s offer to purchase (as discussed below). …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.