Solventum Achieves Remarkable Success with Early Note Tender Offers, Upsizing to $1.25 Billion

ST. PAUL, Minn. – Solventum (NYSE: SOLV) today announced highly successful early tender results for its previously initiated cash tender offers, demonstrating robust investor confidence and proactive debt management. The company is strategically repurchasing certain outstanding notes, and the strong early response has led to an upsizing of the maximum aggregate principal amount to be accepted from $1.0 billion to an impressive $1.25 billion.

These cash tender offers target a range of outstanding notes, specifically the 2.300% Notes due 2024, 2.750% Notes due 2026, 3.200% Notes due 2028, 3.500% Notes due 2030, 4.000% Notes due 2040, and 4.400% Notes due 2050.

The initiative underscores Solventum's commitment to optimizing its capital structure and managing its financial liabilities efficiently.

As of the early tender deadline, which was 5:00 p.m., New York City time, on September 19, 2025, Solventum received tenders for a substantial aggregate principal amount across all targeted series.

The overwhelming participation from noteholders signals strong market reception to Solventum’s financial strategy, enabling the company to accelerate its debt reduction and capital structure enhancement efforts.

The decision to increase the maximum aggregate principal amount to $1.25 billion reflects the significant interest from noteholders and provides Solventum with greater flexibility to repurchase more of its outstanding debt.

This move is expected to have a positive impact on the company's financial profile by reducing interest expenses and improving key financial ratios.

Notes that were validly tendered at or prior to the early tender deadline and not validly withdrawn will receive the total consideration, which includes an early tender premium.

These notes will be accepted in accordance with the acceptance priority levels and subject to any proration, as outlined in the Offer to Purchase document.

The withdrawal deadline for the tender offers has passed as of 5:00 p.m., New York City time, on September 19, 2025. Notes tendered after this date or those that were validly tendered and not withdrawn, can no longer be withdrawn.

Solventum anticipates that the early settlement date for the accepted notes will occur on or about September 24, 2025, allowing for a swift conclusion to this phase of the tender offers.

While these early results are encouraging, the tender offers are still subject to certain conditions specified in the Offer to Purchase and the related Letter of Transmittal.

The final tender deadline remains 5:00 p.m., New York City time, on October 4, 2025, giving noteholders who have not yet participated a final opportunity to tender their notes.

This strategic financial maneuver is a testament to Solventum’s proactive approach to financial stewardship, aiming to strengthen its balance sheet and create long-term value for its shareholders.

The company continues to advise noteholders to review the full details of the tender offers available through the solicitation agent.