Baker Hughes Co (BKR): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Baker Hughes Co incurred term loan of $2.6 billion with Goldman Sachs Bank USA at Adjusted Term SOFR (being Term SOFR plus a credit spread adjustment of 10 bps), maturing 2 years from the date of funding.

Instrument: term loan
Principal: $2.6 billion
Counterparty: Goldman Sachs Bank USA
Rate: Adjusted Term SOFR (being Term SOFR plus a credit spread adjustment of 10 bps),
Maturity: 2 years from the date of funding
Event: incurrence

Exact text from the filing

aggregate lending commitments of $2.6 billion for a senior, unsecured delayed draw term loan facility

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Source: SEC EDGAR

accession 0001193125-25-182691

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