secwatch.observer — SEC 8-K summary
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Issuer:     BAXTER INTERNATIONAL INC (BAX)
CIK:        0000010456
Form:       8-K
Filed at:   2026-08-18T21:00:50+00:00
Accession:  0001628280-26-057739
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10456/000162828026057739/0001628280-26-057739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10456/000162828026057739/bax-20260818.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-057739

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