Baxter upsizes cash tender offers for notes to USD 600 million - BAX News | RalliesBaxter upsizes cash tender offers for notes to USD 600 million
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BAX• Tender offer upsized to USD 600 million
- Baxter upsized its cash tender offers for selected senior notes, raising the offer cap to USD 600 million from USD 500 million.
- Early tenders totaled USD 1.38 billion across four series; the largest was USD 756.71 million of 2.539% Senior Notes due 2032.
- Pricing is set for Aug. 18, using fixed spreads over U.S. Treasury yields; the early tender premium is USD 30 per USD 1,000.
- Early settlement is set for Aug. 20; withdrawal rights expired Aug. 17.
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