BAX · News · 20260804N
Outstanding Indebtedness
BAXTER INTERNATIONAL INC · 2026-08-04 · Importance 64 · Surprise 42 · In source text
Baxter commenced cash tender offers to repurchase selected senior notes for an aggregate purchase price of up to $500 million, excluding accrued and unpaid interest. The targeted notes include maturities in 2032, 2043, 2046 and 2051, indicating an effort to manage long-dated debt obligations. Eligible holders who tender by August 17, 2026 may receive an early tender premium of $30 per $1,000, while the offers are scheduled to expire on September 1, 2026.
Key facts
- Baxter has commenced cash tender offers to repurchase up to $500 million of select senior notes. source
- The aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $500 million. source
- The tender offers provide an early tender premium of $30 per $1,000. source
- The offer prioritizes notes from 2051, 2046, 2043, and 2032. source
- The tender offers include an early settlement option for tenders by August 17, 2026. source
- The tender offers have a final expiration on September 1, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | probable | — | The aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $500 million. |
| cash | negative | probable | — | The aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $500 million. |