Baxter International amends termination date of 364-day facility

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Baxter International Inc. amended its existing 364-day credit facility dated Dec. 10, 2014 with JPMorgan Chase Bank, NA as administrative agent to change the termination date, according to an 8-K filing with the Securities and Exchange Commission.

The company amended the termination date to be the earlier of March 28, 2016 and the date on which commitments under the facility have been reduced to zero or terminated in whole.

The company also updated the definition of change of control to remove a continuing director clause.

Baxter International is a medical products and health-care company based in Deerfield, Ill.

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