Baker Hughes issues $6.5B USD and €3B notes for Chart Industries acquisition

Baker Hughes Co

Total $6.5B USD senior notes: $500M @4.050% due 2029, $1.25B @4.350% due 2031, $750M @4.650% due 2033, $2B @5.000% due 2036, $2B @5.850% due 2056.
Total €3B senior notes: €600M @3.226% due 2030, €900M @3.812% due 2034, €750M @4.193% due 2038, €750M @4.737% due 2046.
Net proceeds to fund cash consideration for pending acquisition of Chart Industries, Inc.
Notes subject to special mandatory redemption at 101% if Chart acquisition is not consummated.
Company terminated ~$11.0B in bridge facility commitments on March 11, 2025 (likely 2026).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Baker Hughes Co entered into USD Underwriting Agreement with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC valued at $500,000,000 aggregate principal amount of their 4.050% Senior Notes due 2029, $1,250,000,000 aggreg (effective 2026-03-05).

Action: entry
Agreement: underwriting
Counterparty: Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
Value: $500,000,000 aggregate principal amount of their 4.050% Senior Notes due 2029, $1,250,000,000 aggreg
Effective: 2026-03-05

Exact text from the filing

On March 5, 2026, the Issuers entered into an underwriting agreement (the “USD Underwriting Agreement” and together with the EUR Underwriting Agreement, the “Underwriting Agreements”) by and among the Issuers, BHC and Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters named therein

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Baker Hughes Co entered into EUR Underwriting Agreement with Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc valued at €600,000,000 aggregate principal amount of their 3.226% Senior Notes due 2030, €900,000,000 aggregat (effective 2026-03-05).

Action: entry
Agreement: underwriting
Counterparty: Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc
Value: €600,000,000 aggregate principal amount of their 3.226% Senior Notes due 2030, €900,000,000 aggregat
Effective: 2026-03-05

Exact text from the filing

On March 5, 2026, Baker Hughes Holdings LLC, an indirect, 100% owned subsidiary and the primary operating company of Baker Hughes Company (“BHH LLC”) and Baker Hughes Co-Obligor, Inc., a 100% owned finance subsidiary of BHH LLC (the “Co-Obligor,” and together with BHH LLC, the “Issuers”) entered into an underwriting agreement (the “EUR Underwriting Agreement”) by and among the Issuers, Baker Hughes Company (“BHC”) and Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and the several other underwriters named therein

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Baker Hughes Co filing history →

Source: SEC EDGAR

accession 0001193125-26-102422

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