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Baxter International to price senior notes due 2021, 2026, 2046
By Lisa Kerner
Charlotte, N.C., Aug. 10 – Baxter International Inc. plans to price three series of senior notes (Baa2//BBB+) due 2021, 2026 and 2046, according to a 424B2 filed with the Securities and Exchange Commission.
Goldman Sachs & Co., BofA Merrill Lynch and Citigroup Global Markets Inc. are the bookrunners.
Proceeds will be used to redeem certain of the company’s outstanding senior notes, including its 1.85% senior notes due January 2017, 1.85% senior notes due June 2018, 5.375% senior notes due June 2018, 4.5% senior notes due August 2019, 4.25% senior notes due March 2020 and 3.2% senior notes due June 2023.
Remaining proceeds will be used for general corporate purposes, including the repayment of commercial paper.
Baxter is a medical products and health care company based in Deerfield, Ill.
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