{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-054015","form_type":"8-K","ticker":"BAX","cik":"0000010456","company_name":"BAXTER INTERNATIONAL INC","filed_at":"2025-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.646671+00:00","generated_at":"2026-05-16T16:45:54.552079+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Baxter amends credit agreement to raise net leverage cap to 4.25x through Q2 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-054015","json":"https://secwatch.observer/filing/0001628280-25-054015.json","markdown":"https://secwatch.observer/filing/0001628280-25-054015.md","text":"https://secwatch.observer/filing/0001628280-25-054015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10456/000162828025054015/0001628280-25-054015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10456/000162828025054015/bax-20251125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T16:45:54.552079+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}