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).
“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”
Material Agreements
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).
“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”
Debt Financings
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.
“aggregate lending commitments of $2.6 billion for a senior, unsecured delayed draw term loan facility”
Ilham Kadri was elected as Director at Baker Hughes Co.
“On March 28, 2025, the Board elected Ilham Kadri to serve as a director of the Company with a term beginning on May 1, 2025.”
Lynn L. Elsenhans departed as Director at Baker Hughes Co.
“On March 28, 2025, Lynn L. Elsenhans informed Baker Hughes Company (the “Company”) that she will not stand for re-election at the Company’s upcoming 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”).”
Nancy Buese departed as Chief Financial Officer at Baker Hughes Co.
“Nancy Buese who, by mutual agreement with the Board, ceased to serve as Chief Financial Officer of the Company effective February 24, 2025”
Ahmed Moghal was appointed as Executive Vice President and Chief Financial Officer at Baker Hughes Co.
“the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) announced the appointment of Ahmed Moghal as Executive Vice President and Chief Financial Officer of the Company, effective February 24, 2025”
Shirley Edwards was elected as Director at Baker Hughes Co.
“On May 22, 2024, the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) elected Shirley Edwards to serve as a director of the Company with a term beginning on May 22, 2024.”
Shareholder Votes
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to clarify and modernize the Charter (Modernization Proposal) at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes with respect to the Modernization Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 861,093,814 4,201,688 437,465 39,134,731”
Shareholder Votes
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to add a federal forum selection provision (Federal Forum Proposal) at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes with respect to the Federal Forum Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 783,006,056 82,244,591 482,319 39,134,731”
Shareholder Votes
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to limit the liability of certain officers (Officer Exculpation Proposal) at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes with respect to the Officer Exculpation Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 745,339,947 119,975,606 417,413 39,134,731”
Shareholder Votes
Baker Hughes Co shareholders approved Ratification of KPMG LLP as the independent registered public accounting firm for fiscal year 2024 at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes with respect to the ratification of KPMG LLP as the Company's Independent Registered Public Accounting Firm for fiscal year 2024 was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 900,500,841 1,888,100 2,478,756 —”
Shareholder Votes
Baker Hughes Co shareholders approved Advisory vote to approve the Company's executive compensation program at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes with respect to the advisory vote related to the Company's executive compensation program was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 822,360,176 41,410,692 1,962,098 39,134,731”
Shareholder Votes
Baker Hughes Co shareholders approved Election of nine members to the Board of Directors to serve for a one-year term at the 2024-05-13 meeting.
“The number of votes for, against, abstentions and broker non-votes for the election of each director was as follows: Name Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes W. Geoffrey Beattie 788,682,278 76,072,236 978,452 39,134,731 Abdulaziz M. Al Gudaimi 857,751,587 7,575,873 405,507 39,134,731 Gregory D. Brenneman 862,583,770 2,752,269 396,927 39,134,731 Cynthia B. Carroll 841,801,440 23,537,450 394,076 39,134,731 Michael R. Dumais 789,521,952 75,230,463 980,551 39,134,731 Lynn L. Elsenhans 793,095,120 72,250,278 387,568 39,134,731 John G. Rice 860,566,190 4,773,457 393,319 39,134,731 Lorenzo Simonelli 815,900,738 49,470,819 361,410 39,134,731 Mohsen M. Sohi 862,001,675 3,328,689 402,603 39,134,731”
Earnings Releases
Baker Hughes Co reported the quarter ended March 31, 2024 results: revenue $6.4 billion, net income $455 million, EPS $0.45.
“(EX-99.1) --- Baker Hughes Company Announces First-Quarter 2024 Results First-quarter highlights • Orders of $6.5 billion, including $2.9 billion of IET orders. • Revenue of $6.4 billion, up 12% year-over-year. • Net income attributable to the Company of $455 million. • GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43. • Adjusted EBITDA* of $943”
Nelda J. Connors departed as Director at Baker Hughes Co.
“On March 21, 2024, Nelda J. Connors informed Baker Hughes Company (the “Company”) that she will not stand for re-election at the Company’s upcoming 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).”
Earnings Releases
Baker Hughes Co reported financial results for the quarter and year ended December 31, 2023.
“On January 23, 2024, Baker Hughes Company (the “Company”) issued a news release announcing its financial results for the quarter and year ended December 31, 2023, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by reference.”
Abdulaziz M. Al Gudaimi was elected as director at Baker Hughes Co.
“elected Abdulaziz M. Al Gudaimi to serve as a director of the Company with a term beginning on January 1, 2024.”
Material Agreements
Baker Hughes Co terminated 2019 Credit Agreement with JPMorgan Chase Bank, N.A. valued at Terminated $3,000,000,000 revolving credit facility (effective 2023-11-21).
“On November 21, 2023, in connection with BHH LLC’s entry into the New Credit Agreement, BHH LLC terminated its existing five-year committed $3.0 billion revolving credit agreement dated as of December 10, 2019 (the “2019 Credit Agreement”), among BHH LLC, certain lenders party thereto, and the Administrative Agent.”
Material Agreements
Baker Hughes Co entered into New Credit Agreement with JPMorgan Chase Bank, N.A. valued at $3,000,000,000 revolving credit facility (effective 2023-11-21).
“On November 21, 2023, Baker Hughes Holdings LLC (“BHH LLC”), as borrower, and Baker Hughes Company (“BHC”), as parent guarantor, entered into a Credit Agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A. (the “Administrative Agent”), as administrative agent, and certain lenders party thereto for the provision of a revolving credit facility.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.