---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-053056"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:20:40.282822+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Baxter launches tender offers for 2026 and 2027 notes up to $300M

## Summary
- Offers to buy any and all of $750M 2.600% 2026 notes and up to $300M of $1.45B 1.915% 2027 notes.
- Funding from concurrent senior unsecured notes offering; remaining proceeds to repay $645M term loan.
- Early tender deadline Dec 3, 2025; price determination Dec 4; settlement expected Dec 8 or Dec 22.
- Tender offers subject to Financing Condition and other terms per the Offer to Purchase.
- Citigroup, BofA Securities, J.P. Morgan are dealer managers; D.F. King is tender agent.

## SEC filing metadata
- accession: 0001628280-25-053056
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828025053056/0001628280-25-053056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828025053056/bax-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-053056
- JSON: https://secwatch.observer/filing/0001628280-25-053056.json
- Plain text: https://secwatch.observer/filing/0001628280-25-053056.txt

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