debt
confidence high
sentiment neutral
materiality 0.45
Baxter amends credit agreement to raise net leverage cap to 4.25x through Q2 2026
BAXTER INTERNATIONAL INC
- Amendment No. 1 to five-year credit agreement dated Nov 25, 2025 relaxes net leverage ratio covenant.
- Maximum net leverage set at 4.25x for quarters ending Dec 2025, Mar 2026, Jun 2026; 4.00x for Sep 2026; 3.75x thereafter.
- JPMorgan Chase is Administrative Agent; multiple banks including Bank of America, Citibank, Deutsche Bank are lenders.
- No event of default occurred; representations reaffirmed as of effective date.