Baxter said it raised the Maximum Tender Cap for its cash tender offer for a portion of its 1.915% senior unsecured notes due 2027 (the 2027 Notes) to $600 million from $300 million, as announced earlier, on November 19, 2025.

1. 01

   Baxter said it raised the Maximum Tender Cap for its cash tender offer for a portion of its 1.915% senior unsecured notes due 2027 (the 2027 Notes) to $600 million from $300 million, as announced earlier, on November 19, 2025.

2. 02

   The company said the aggregate principal amount outstanding of its 2027 Notes is $1.45 billion, and that it raised the maximum purchase price it can pay for them to $600 million from $300 million.

3. 03

   The company said the terms of the previously announced cash tender offer for its 2.600% senior unsecured notes due 2026 (the 2026 Notes) remain unchanged. The 2026 Notes Tender Offer is part of that offer.

4. 04

   Baxter International said the full terms of the tender offers are set out in the Offer to Purchase, with the applicable portion of the Financing Condition modified by the press release. Citigroup Global Markets Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC are the dealer managers.

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Original filing

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