secwatch.observer — SEC 8-K summary
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Issuer:     BAXTER INTERNATIONAL INC (BAX)
CIK:        0000010456
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001628280-24-012545
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baxter amends credit agreements to ease net leverage ratio through Q3 2025
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- Amends $4.0B term loan and $2.5B revolver to increase max net leverage ratio for six quarters ending June 2024–Sep 2025.
- Revolving commitments will reduce to $2.0B on Sep 30, 2024 or upon sale/spinoff of Kidney Care business.
- €200M credit facility guaranty also amended to raise net leverage ratio cap over same period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10456/000162828024012545/0001628280-24-012545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10456/000162828024012545/bax-20240321.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-012545

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