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Baker Hughes raises $9.5 billion in senior notes to fund Chart acquisition

March 11, 2026 5:05 PM

Baker Hughes Company (NASDAQ: BKR) issued $6.5 billion in U.S. dollar-denominated senior notes and €3 billion in euro-denominated senior notes through its subsidiaries Baker Hughes Holdings LLC and Baker Hughes Holdings Co-Obligor, Inc.

The U.S. dollar offering consists of five tranches with maturities ranging from 2029 to 2056 and interest rates between 4.050% and 5.850%. The euro offering includes four tranches maturing between 2030 and 2046 with rates from 3.226% to 4.737%.

Baker Hughes plans to use the net proceeds to fund part of the cash consideration for its proposed acquisition of Chart Industries, Inc. The notes include a special mandatory redemption provision at 101% of principal if the Chart acquisition does not close.

Goldman Sachs and Morgan Stanley served as joint global coordinators and joint book-running managers for both offerings. Additional book-running managers included Citigroup, Deutsche Bank, and J.P. Morgan for both the dollar and euro tranches.

The notes are fully guaranteed by Baker Hughes on a senior unsecured basis. The offerings were conducted under an effective shelf registration statement filed with the Securities and Exchange Commission.

Baker Hughes is an energy technology company providing solutions to energy and industrial customers in over 120 countries.

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