other material
confidence high
sentiment neutral
materiality 0.30
Baker Hughes parent guarantees subsidiary's outstanding debt; subsidiary exempt from SEC reporting
Baker Hughes Co
- Baker Hughes fully and unconditionally guarantees all outstanding debt under 2008, 1994, and 1991 indentures as of Dec 31, 2023.
- BHH LLC is exempt from Exchange Act reporting under Rule 12h-5 and will cease filing 10-K, 10-Q, and 8-K.
- Three supplemental indentures signed with The Bank of New York Mellon Trust Company, N.A. as trustee.
- Co-Obligor Inc., Oilfield Operations, and International Branches also party to the guarantees.