Baxter Announces Pricing for Its Upsized Cash Tender Offers
Baxter International announced the pricing terms for its previously announced cash tender offers for certain of its notes, using a "waterfall" methodology under which the Company will accept validly tendered notes in order of their respective acceptance priority levels. The offers were upsized from their initial size.
Why it matters — The tender offers reflect Baxter's debt-management activity, which Baxter watchers would track for its potential impact on the company's capital structure and liabilities.