Baxter International announced early tender results and increased the aggregate purchase price cap for its cash tender offers from $500 million to $600 million. As of the early tender time on August 17, 2026, holders had validly tendered $421,990,000 of the 3.132% Senior Notes due 2051, $132,199,000 of the 3.500% Senior Notes due 2046, $72,744,000 of the 4.500% Senior Notes due 2043, and $756,712,000 of the 2.539% Senior Notes due 2032. The company will accept notes using a waterfall methodology up to the new $600 million cap, with an early tender premium of $30 per $1,000 principal amount included in the total consideration. The early settlement date is August 20, 2026, and BofA Securities, J.P. Morgan Securities, and Goldman Sachs are acting as lead dealer managers.
Bank of America Corp
Goldman Sachs Group IncBaxter International IncUpsizing tender offers to $600 million indicates debt management and potential balance sheet improvement.
