Baxter International Inc. filed a Form 8-K with the SEC on August 4, 2026, announcing the commencement of cash tender offers to purchase up to $500 million in aggregate of four series of its outstanding senior notes.

Key Highlights

  • Tender offer cap: Baxter is offering to purchase up to $500 million in aggregate purchase price, excluding accrued and unpaid interest, across one or more series of notes.
  • Four note series targeted: The offers cover the 3.132% Senior Notes due 2051, 3.500% Senior Notes due 2046, 4.500% Senior Notes due 2043, and 2.539% Senior Notes due 2032.
  • Offer date: The offer to purchase is dated August 4, 2026, the same date as the filing and press release.
  • Jurisdiction limitation: According to the filing, the offers are not being made to holders in any jurisdiction where doing so would not comply with applicable securities or other laws.
  • Signed by: The report was signed by Anita A. Zielinski, Interim Chief Financial Officer and Senior Vice President, Chief Accounting Officer and Controller.

Baxter International Commences Cash Tender Offers for Four Senior Note Series

Baxter International Inc. (NYSE: BAX), headquartered at One Baxter Parkway, Deerfield, Illinois, disclosed on August 4, 2026, that it has commenced cash tender offers to purchase up to $500 million in aggregate purchase price, excluding accrued and unpaid interest, of one or more series of outstanding notes. The disclosure was made under Item 8.01 (Other Events) of the Form 8-K filing.

The four series of notes eligible under the offers, as identified in the filing, are: 3.132% Senior Notes due 2051, 3.500% Senior Notes due 2046, 4.500% Senior Notes due 2043, and 2.539% Senior Notes due 2032. The filing states that the offers are being made "only pursuant to the offer to purchase of the Company, dated August 4, 2026," and that a press release announcing the offers is attached as Exhibit 99.1 and incorporated by reference.

The filing explicitly states that the Form 8-K, including the incorporated press release, "is neither an offer to sell nor a solicitation of offers to buy any Notes." The company also noted that the offers are subject to terms and conditions set forth in the offer to purchase document. Baxter's common stock trades on the New York Stock Exchange under the symbol BAX, and its 1.3% Global Notes due 2029 trade on the NYSE under the symbol BAX 29. The company is incorporated in Delaware and is not classified as an emerging growth company.

What Was Disclosed

Baxter International filed an 8-K on August 4, 2026, announcing cash tender offers for up to $500 million of four series of its outstanding senior notes, with terms governed by a separately issued offer to purchase document of the same date.