UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 10, 2016
Baxter International Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-4448 | 36-0781620 | |
(Commission File Number) | (IRS Employer Identification No.) |
One Baxter Parkway, Deerfield, Illinois | 60015 | |
(Address of principal executive offices) | (Zip Code) |
(224) 948-2000
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
On August 10, 2016, Baxter International Inc. (the Company) entered into an Underwriting Agreement with Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc., as representatives of the underwriters named in the prospectus supplement dated August 10, 2016 and filed with the Securities and Exchange Commission on August 12, 2016 (the Prospectus Supplement), relating to the sale by the Company of $400,000,000 aggregate principal amount of 1.700% Senior Notes due August 15, 2021, $750,000,000 aggregate principal amount of 2.600% Senior Notes due August 15, 2026 and $450,000,000 aggregate principal amount of 3.500% Senior Notes due August 15, 2046 (collectively, the Notes). The Notes were registered under the Registration Statement on Form S-3 (Registration No. 333-207810) that the Company filed with the Securities and Exchange Commission on November 4, 2015 and supplemented by the Prospectus Supplement. The Company is filing the exhibits attached to this Current Report on this Form 8-K in connection with such Registration Statement.
The Notes were issued pursuant to, and are governed by the terms of, an Indenture, dated as of August 8, 2006 (the Base Indenture), by and between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (the Trustee), as amended and supplemented by the Tenth Supplemental Indenture, dated as of August 15, 2016 (the Supplemental Indenture, and together with the Base Indenture, the Indenture), by and between the Company and the Trustee.
The above descriptions of the Base Indenture, the Supplemental Indenture and the Notes are qualified in their entirety by the terms of the Base Indenture, the Supplemental Indenture and the Notes. The Base Indenture is incorporated by reference herein and the Supplemental Indenture (including the forms of the Notes) is attached as Exhibit 4.2 to this Current Report on Form 8-K and incorporated by reference herein.
Also on August 15, 2016, the Company delivered redemption notices to the Trustee, notifying the Trustee of its irrevocable election to redeem on September 14, 2016 (the Redemption) (i) all of the $144,389,000 aggregate principal amount outstanding of the Companys 1.850% Senior Notes due 2017, (ii) all of the $196,967,000 aggregate principal amount outstanding of the Companys 1.850% Senior Notes due 2018, (iii) all of the $139,939,000 aggregate principal amount outstanding of the Companys 5.375% Senior Notes due 2018, (iv) all of the $137,683,000 aggregate principal amount outstanding of the Companys 4.500% Senior Notes due 2019, (v) all of the $208,844,000 aggregate principal amount outstanding of the Companys 4.250% Senior Notes due 2020 and (vi) all of the $143,815,000 aggregate principal amount outstanding of the Companys 3.200% Senior Notes due 2023 at the make whole redemption price set forth in each series of notes and instructing the Trustee to provide notice of the Redemption to the holders of such notes.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
4.1 | Indenture, dated as of August 8, 2006, by and between the Company and J.P. Morgan Trust Company, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to the Companys Current Report on Form 8-K, filed on August 9, 2006) | |
4.2 | Tenth Supplemental Indenture, dated as of August 15, 2016, by and between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (including forms of 1.700% Senior Notes due 2021, 2.600% Senior Notes due 2026 and 3.500% Senior Notes due 2046) | |
5.1 | Opinion of Ellen K. McIntosh | |
12 | Computation of Ratio of Earnings to Fixed Charges | |
23.1 | Consent of Ellen K. McIntosh (included in Exhibit 5.1) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BAXTER INTERNATIONAL INC. | ||||||||
By: | /s/ Ellen K. McIntosh | |||||||
Ellen K. McIntosh | ||||||||
Corporate Vice President, Associate | ||||||||
General Counsel & Corporate Secretary |
Date: August 15, 2016
EXHIBIT INDEX
Exhibit No. |
Description | |
4.1 | Indenture, dated as of August 8, 2006, by and between the Company and J.P. Morgan Trust Company, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to the Companys Current Report on Form 8-K, filed on August 9, 2006) | |
4.2 | Tenth Supplemental Indenture, dated as of August 15, 2016, by and between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (including forms of 1.700% Senior Notes due 2021, 2.600% Senior Notes due 2026 and 3.500% Senior Notes due 2046) | |
5.1 | Opinion of Ellen K. McIntosh | |
12 | Computation of Ratio of Earnings to Fixed Charges | |
23.1 | Consent of Ellen K. McIntosh (included in Exhibit 5.1) |