debt
confidence high
sentiment neutral
materiality 0.65
Baker Hughes enters $2.6B term loan to finance Chart Industries acquisition
Baker Hughes Co
- $2.6B senior unsecured delayed draw term loan facility entered on August 15, 2025 with Goldman Sachs Bank USA as administrative agent.
- Proceeds will finance the previously announced Chart Industries acquisition under Merger Agreement dated July 28, 2025.
- Borrowings mature 2 years from funding; interest rate = Adjusted Term SOFR + margin (62.5-112.5 bps) based on credit ratings.
- Parent guarantor is Baker Hughes Company; commitments may be reduced by net cash proceeds from certain asset sales before closing.
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