Baker Hughes Prices $6.5 Billion Senior Notes Offering to Fund Chart Industries Acquisition

summarizeSummary

Baker Hughes priced a $6.5 billion senior notes offering, with proceeds intended to finance the acquisition of Chart Industries, as detailed in this official pricing term sheet.

check_boxKey Events

• Prices $6.5 Billion Senior Notes

  Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc. priced a total of $6.5 billion in senior notes across five tranches with maturities ranging from 2029 to 2056 and coupons from 4.050% to 5.850%.

• Financing for Chart Industries Acquisition

  The offering is directly linked to the pending acquisition of Chart Industries, with a special mandatory redemption clause requiring the notes to be redeemed if the merger is not completed by July 28, 2026.

• Notes Guaranteed by Parent Company

  The newly issued senior notes will be fully and unconditionally guaranteed by Baker Hughes Company, the sole indirect parent of the issuers.

auto_awesomeAnalysis

Baker Hughes has officially priced a substantial $6.5 billion senior notes offering, a critical step in financing its previously announced $13.6 billion acquisition of Chart Industries. This debt issuance, representing over 10% of the company's market capitalization, provides significant capital for the strategic transaction. The inclusion of a special mandatory redemption clause, which requires the company to redeem the notes if the Chart Merger is not consummated by July 28, 2026, underscores the direct link between this financing and the acquisition. Investors should monitor the progress of the Chart Merger, as its successful completion is tied to the long-term stability of this new debt.