secwatch / observer
8-K filed March 13, 2023, 7:59 PM ET ticker BAX CIK 0000010456
debt confidence high sentiment negative materiality 0.55

Baxter amends credit deals to raise net leverage covenant thresholds through 2023

BAXTER INTERNATIONAL INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

BAXTER INTERNATIONAL INC amended USD Revolving Third Amendment with JPMorgan Chase Bank, National Association valued at 2,500,000,000 (effective 2023-03-13).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, National Association
Value
2,500,000,000
Effective
2023-03-13
Exact text from the filing
On March 13, 2023, Baxter entered into a third amendment (the " USD Revolving Third Amendment ") to the existing $2.5 billion, five-year revolving credit agreement, dated as of September 30, 2021, as amended by that certain First Amendment, dated as of September 28, 2022, and that certain Second Amendment, dated as of September 28, 2022, among Baxter, as Borrower, various lenders and JPMorgan Chase Bank, National Association, as Administrative Agent.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

BAXTER INTERNATIONAL INC amended Term Loan Third Amendment with JPMorgan Chase Bank, National Association valued at 4,000,000,000 (effective 2023-03-13).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, National Association
Value
4,000,000,000
Effective
2023-03-13
Exact text from the filing
On March 13, 2023, Baxter International Inc. (" Baxter ") entered into a third amendment (the " Term Loan Third Amendment ") to the existing $4.0 billion term loan credit facility, dated as of September 30, 2021, as amended by that certain First Amendment, dated as of September 28, 2022, and that certain Second Amendment, dated as of September 28, 2022, among Baxter, as Borrower, various lenders and JPMorgan Chase Bank, National Association, as Administrative Agent.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

BAXTER INTERNATIONAL INC amended Euro Amendment with J.P. Morgan SE valued at 200,000,000 (effective 2023-03-13).

Action
amendment
Agreement
credit facility
Counterparty
J.P. Morgan SE
Value
200,000,000
Effective
2023-03-13
Exact text from the filing
On March 13, 2023, Baxter Healthcare SA and Baxter World Trade SRL, as Borrowers (the " Euro Borrowers "), their existing lender group, Baxter, as Guarantor, and J.P. Morgan SE, as Administrative Agent, entered into a second guaranty amendment (the " Euro Amendment ") to the existing amended and restated guaranty agreement, dated as of October 1, 2021, as amended by that certain Second Amendment, dated as of September 28, 2022, by Baxter in favor of J.P. Morgan SE in connection with the existing €200 million revolving credit facility, dated as of December 20, 2019, as amended by that certain First Amendment, dated as of October 1, 2021, and that certain Second Amendment, dated as of September 28, 2022, among the Euro Borrowers, as Borrowers, various lenders, and J.P. Morgan SE, as Administrative Agent.
View on SEC.gov

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BAXTER INTERNATIONAL INC filing history →

Source: SEC EDGAR
accession 0001628280-23-007718
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