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Baker Hughes Successfully Issues $6.5 Billion and €3 Billion of Senior Notes
HOUSTON and LONDON, March 11, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) today successfully issued $6.5
About this update from Baker Hughes Company
[{"type":"text","content":"HOUSTON and LONDON, March 11, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) today successfully issued $6.5 billion in debt consisting of five tranches of senior unsecured notes and €3 billion in debt consisting of four tranches of senior unsecured notes (collectively, the “notes”): $500 million 4.050% Senior Notes due 2029$1.25 billion 4.350% Senior Notes due 2031$750 million 4.650% Senior Notes due 2033$2 billion 5.000% Senior Notes due 2036$2 billion 5.850% Senior Notes due 2056€600 million 3.226% Senior Notes due 2030€900 million 3.812% Senior Notes due 2034€750 million 4.193% Senior Notes due 2038€750 million 4.737% Senior Notes due 2046 The notes were issued by Baker Hughes’ wholly owned subsidiary, Baker Hughes Holdings LLC (“BHH LLC”) and by BHH LLC’s wholly owned subsidiary Baker Hughes Holdings Co-Obligor, Inc. (“Co-Obligor” and, together with BHH LLC, the “Issuers”), and are fully and unconditionally guaranteed on a senior unsecured basis by Baker Hughes. Baker Hughes intends to use the net proceeds of the notes to fund a portion of the cash consideration for Baker Hughes’ proposed acquisition of all outstanding shares of common stock of Chart Industries, Inc. (the “Chart acquisition”). The notes are subject to a special mandatory redemption (at a price equal to 101% of the aggregate principal amount of such series of notes) under certain circumstances if the Chart acquisition is not consummated. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as joint global coordinators and joint book-running managers for the U.S. dollar offering, and Goldman Sachs & Co. LLC and Morgan Stanley & Co. International plc acted as joint global coordinators and joint book-running managers for the euro offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted as joint book-running managers for the U.S. dollar offering, and Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and J.P. Morgan Securities plc acted as joint book-running managers for the euro offering. BofA Securities, Inc., Barclays Capital Inc., HSBC Securities (USA) Inc., MUFG Securities Americas Inc. and UniCredit Capital Markets LLC acted as passive book-running managers for the U.S. dollar offering. BNP Paribas Securities Corp., SG Americas Securities, ...