Form 8-K · Current report
Baxter International 8-K, filed Aug 18, 2026
- Filed
- CIK
- 0000010456
- Accession no.
- 0001628280-26-057739
Summary
Baxter International entered an amendment to its five-year credit agreement raising the maximum net leverage ratio covenant for the five fiscal quarters ending September 30, 2026 through September 30, 2027 and removing Baxter World Trade SRL as a borrower, and separately upsized its previously announced cash tender offers for four series of senior notes to up to $600 million from $500 million, announcing early tender results and that no notes tendered after August 17, 2026 would be accepted.
Key points
- Amendment No. 2, dated August 18, 2026, amends the amended and restated five-year credit agreement dated June 11, 2025, with JPMorgan Chase Bank, N.A. as Administrative Agent.
- The maximum net leverage ratio was increased for the fiscal quarters ending September 30, 2026, December 31, 2026, March 31, 2027, June 30, 2027 and September 30, 2027.
- The aggregate purchase price cap for the tender offers was raised to $600 million from $500 million, with notes accepted in order of acceptance priority levels.
- Baxter said there will be no Final Settlement Date, withdrawal rights expired August 17, 2026, and holders whose notes are accepted will receive an early tender premium of $30 per $1,000 principal amount.
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
- 1.01Entry into a Material Definitive Agreement
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Amendment to the Credit Agreement On August 18, 2026, Baxter International Inc. (the “Company”) entered into an amendment (“Amendment No. 2”) to the amended and restated five-year credit agreement dated June 11, 2025, among the Company, as Borrower Representative, Baxter Healthcare SA and Baxter World Trade SRL, as Borrowers, various lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended by that certain Amendment No. 1, dated as of November 25, 2025 and as further amended, restated, modified or supplemented from time to time, the “Amended Credit Agreement”). The purpose of Amendment No. …
An excerpt of the text as filed with the SEC, cut for length.
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