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Baxter International Launches Tender Offers for 2026, 2027 Notes

BY MT Newswires | CORPORATE | 11/19/25 10:06 AM EST

10:06 AM EST, 11/19/2025 (MT Newswires) -- Baxter International (BAX) said Wednesday that it has launched tender offers to buy certain debt securities for cash.

The tender offers include the 2.600% senior unsecured notes due 2026, which have $750 million of outstanding principle, and the 1.915% senior unsecured notes due 2027, which have $1.45 billion of outstanding principle.

The company said it expects to fund the tender offers with a portion of the proceeds from a concurrent offering of senior unsecured notes. Remaining proceeds will be used to repay other indebtedness, including remaining 2026 notes and its outstanding term loan credit facility, the company said.

Shares of the medical technology company were down 1.3% in recent trading.

Price: 17.93, Change: -0.22, Percent Change: -1.21

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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