---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-181060"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:29:12.047367+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Baxter enters $2.05B credit agreement for refinancing and Kidney Care separation costs

## Summary
- Credit Agreement with JPMorgan, BofA, Citibank provides up to $2.05B senior unsecured term loans.
- Proceeds to refinance 1.322% Senior Notes due Nov 2024, Floating Rate Notes due Nov 2024, and existing term loan tranche.
- Funds also cover U.S. tax liabilities from internal restructuring ahead of planned Kidney Care business separation.
- Maturity 364 days from first funding or Nov 24, 2025; includes net leverage ratio covenant.
- Ticking fee accrues on undrawn commitments at rate based on Baxter's long-term debt ratings.

## SEC filing metadata
- accession: 0001193125-24-181060
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000119312524181060/0001193125-24-181060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000119312524181060/d867131d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-181060
- JSON: https://secwatch.observer/filing/0001193125-24-181060.json
- Plain text: https://secwatch.observer/filing/0001193125-24-181060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.