secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001193125-23-282291
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baker Hughes enters $3B 5-year revolving credit facility, replacing prior facility
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- New $3.0B revolving credit agreement dated Nov 21, 2023, matures Nov 21, 2028.
- Borrower: Baker Hughes Holdings LLC; Parent guarantor: Baker Hughes Company (BKR).
- Pricing based on ratings: Term SOFR + 0.1% margin plus Applicable Margin (62.5-112.5 bps).
- Prior $3.0B 2019 facility terminated same day; no borrowings were outstanding under it.
- Facility includes customary covenants, cross-acceleration, and bankruptcy events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000119312523282291/0001193125-23-282291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/808362/000119312523282291/d243202d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282291

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