---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-057739"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2026-08-18T21:00:50+00:00"
generated_at: "2026-08-18T21:02:13.582052+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Baxter upsizes tender offers to $600M, prices notes, amends credit agreement

## Summary
- Offer Cap increased from $500M to $600M; early tender results show $1.38B tendered across four series.
- Pricing: Total Consideration per $1,000: $587.34 (2051), $675.17 (2046), $788.14 (2043), $867.59 (2032); includes $30 early tender premium.
- 2032 notes accepted at 31.37% proration; aggregate purchase price $600M; early settlement Aug 20, 2026; no final settlement date.
- Credit agreement Amendment No. 2 raises max net leverage ratio for five quarters ending Sep 30 2026–Sep 30 2027; removes Baxter World Trade SRL as borrower.

## SEC filing metadata
- accession: 0001628280-26-057739
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2026-08-18T21:00:50+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828026057739/0001628280-26-057739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828026057739/bax-20260818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-057739
- JSON: https://secwatch.observer/filing/0001628280-26-057739.json
- Plain text: https://secwatch.observer/filing/0001628280-26-057739.txt

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