Baker Hughes Closes $13.6B Chart Deal, Secures $2B in Term Loans
BKR sits 49% above its 52-week low of $38.37.
Summary
Baker Hughes completed its $13.6 billion acquisition of Chart Industries, funded by $6.5B and €3.0B in senior notes and $2B in new term loans. Chart becomes a third operating segment, with $325M in targeted annual cost synergies.
Key Events · M&A and Partnerships · BKR
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Chart Acquisition Closes
On July 16, 2026, Baker Hughes completed its acquisition of Chart Industries for $210.00 per share in cash, representing a total enterprise value of approximately $13.6 billion.
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Financing Secured
Funding for the deal came from $6.5 billion and €3.0 billion in senior notes issued on March 11, 2026, along with $2.0 billion in new term loans from Bank of America and UniCredit. A prior $2.6 billion term loan facility was terminated.
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New Segment and Leadership
Reflecting its strategic importance and scale, Chart will operate as a third reporting segment, led by newly appointed SVP Jim Apostolides.
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Synergy Targets
Management targets $325 million in annualized cost synergies by year three, with additional upside expected from commercial synergies.
Analysis · BKR · Energy & Transportation
The closing of the Chart Industries acquisition, first announced in July 2025, marks a pivotal step in Baker Hughes' transformation into a higher-value industrial energy solutions company, adding thermal management and lifecycle services. To fund the transaction, the company entered into two new $1 billion term loan agreements and terminated a prior $2.6 billion facility. Chart will operate as a third segment under newly appointed SVP Jim Apostolides, and management targets $325 million in annual cost synergies by year three. This is a thesis-altering event that reshapes Baker Hughes' portfolio and growth trajectory.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 43.9% of the 578 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BKR was trading at $57.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $56.8B. The 52-week trading range was $38.37 to $70.41. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.