Baxter International Inc. increased the maximum purchase price for its $1.45 billion aggregate principal amount of 1.915% Senior Unsecured Notes due 2027.
The company raised the cap for repurchasing the 2027 Notes from $300 million to $600 million in the 2027 Notes Tender Offer.
Baxter continues with the previously announced cash tender offer for its 2.600% Senior Unsecured Notes due 2026.
Increased Purchase Price Limit
Max purchase price for the 1.915% Senior Unsecured Notes due 2027 raised from $300 million to $600 million.
Tender Offer Details
Terms and conditions set forth in the Offer to Purchase dated Nov. 19, 2025, including the Financing Condition modifications.
Dealer Managers
Citigroup Global Markets Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC are the dealer managers for the Tender Offers.
- The increase in the maximum purchase price reflects Baxter's commitment to strategic financial management and capital structure optimization.
- Investors may evaluate the revised terms of the Tender Offers in light of market conditions and Baxter's long-term financial goals.
Baxter's decision to raise the maximum tender cap indicates confidence in its financial position and a proactive approach to optimizing its debt composition. Investors should closely monitor the impact of these changes on the company's overall financial strategy.