debt
confidence high
sentiment neutral
materiality 0.55
Baxter launches cash tender offers for up to $500M of senior notes
BAXTER INTERNATIONAL INC
- Offers to purchase up to $500M aggregate purchase price of four series of senior notes (3.132% due 2051, 3.500% due 2046, 4.500% due 2043, 2.539% due 2032).
- Early tender premium of $30 per $1,000 principal for notes tendered by Aug 17, 2026; early settlement expected Aug 20, 2026.
- Acceptance priority levels: highest for 3.132% notes due 2051, then 3.500% due 2046, 4.500% due 2043, lowest for 2.539% due 2032.
- Offers expire Sept 1, 2026; final settlement expected Sept 3, 2026.
- Lead dealer managers: BofA Securities, J.P. Morgan, Goldman Sachs; co-dealer managers: Citigroup, Mizuho, SG Americas.