Loan & DebtAug 4, 2026, 08:37 AM
Baxter Announces $500M Cash Tender Offers for Senior Notes
AI Summary
Baxter International Inc. has commenced cash tender offers to purchase up to $500 million of its outstanding senior notes. The offers target four series of notes: 3.132% due 2051, 3.500% due 2046, 4.500% due 2043, and 2.539% due 2032. The tender offers aim to manage the company's debt structure, with an early tender premium offered to encourage participation.
Key Highlights
- Commenced cash tender offers for up to $500 million in aggregate purchase price.
- Targeting 3.132% Senior Notes due 2051, 3.500% Senior Notes due 2046.
- Also targeting 4.500% Senior Notes due 2043, and 2.539% Senior Notes due 2032.
- Early Tender Time deadline is August 17, 2026, at 5:00 p.m. NYC time.
- Offers expire on September 1, 2026, at 5:00 p.m. NYC time.
- Early Tender Premium of $30 per $1,000 principal amount for early tenders.
- Notes accepted based on acceptance priority levels and the $500 million offer cap.
Price Impact
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