HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 11.Mar.2026, Words: 481) — Baker Hughes Company successfully issued $6.5bn in debt consisting of 5 tranches of senior unsecured notes and €3bn in debt consisting of 4 tranches of senior unsecured notes (collectively, the “notes”):
- $500mn 4.050% Senior Notes due 2029
- $1.25bn 4.350% Senior Notes due 2031
- $750mn 4.650% Senior Notes due 2033
- $2bn 5.000% Senior Notes due 2036
- $2bn 5.850% Senior Notes due 2056
- €600mn 3.226% Senior Notes due 2030
- €900mn 3.812% Senior Notes due 2034
- €750mn 4.193% Senior Notes due 2038
- €750mn 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 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 US 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 US 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 US dollar offering. BNP Paribas Securities Corp., SG Americas Securities, LLC and Standard Chartered Bank acted as senior co-managers for the US dollar offering. Intesa Sanpaolo IMI Securities Corp., RBC Capital Markets, LLC, BBVA Securities Inc., Academy Securities, Inc., Siebert Williams Shank & Co., LLC, The Standard Bank of South Africa Limited and Loop Capital Markets LLC acted as co-managers for the US dollar offering.
Merrill Lynch International, Barclays Bank PLC, HSBC Bank plc, MUFG Securities EMEA plc and UniCredit Bank GmbH acted as passive book-running managers for the euro offering. BNP PARIBAS, Société Générale and Standard Chartered Bank acted as senior co-managers for the euro offering. Intesa Sanpaolo IMI Securities Corp., RBC Europe Limited, Banco Bilbao Vizcaya Argentaria, S.A., Academy Securities, Inc., Siebert Williams Shank & Co., LLC, The Standard Bank of South Africa Limited and Loop Capital Markets LLC acted as co-managers for the euro offering.
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