November 19, 2025-Baxter International Inc. announced the commencement of tender offers, subject to the terms and conditions described in this press release, to purchase for cash the debt securities issued by Baxter listed in the table below (collectively, the “Securities” and each a “series”). Subject to market conditions, the tender offers are expected to be funded using a portion of the proceeds from a concurrent offering of senior unsecured notes by the Company (the “New Notes”). The Company intends to use the remaining proceeds from the concurrent public offering of the New Notes to repay other indebtedness, including any remaining 2026 Notes and its outstanding term loan credit facility which had an outstanding balance of $645 million as of Sept. 30, 2025.
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