Baker Hughes Successfully Prices $6.5 Billion and €3 Billion Offerings of Senior Notes

Core Viewpoint - Baker Hughes Company has successfully priced a total of $6.5 billion in debt offerings and €3 billion in debt offerings to fund its proposed acquisition of Chart Industries, Inc. [1][2] Debt Offerings - The debt offerings consist of five tranches of senior unsecured notes totaling $6.5 billion and four tranches of senior unsecured notes totaling €3 billion [1] - The notes will be issued by Baker Hughes' wholly owned subsidiary, Baker Hughes Holdings LLC, and will be fully guaranteed by Baker Hughes [1] Use of Proceeds - The net proceeds from the debt offerings will be used to fund a portion of the cash consideration for the acquisition of Chart Industries, Inc. [2] - The notes will be subject to a special mandatory redemption at 101% of the aggregate principal amount if the acquisition is not completed [2] Closing Details - The offerings are expected to close on March 11, 2026, pending customary closing conditions [3] Financial Institutions Involved - Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint global coordinators and book-running managers for the U.S. dollar offering [4] - For the euro offering, Goldman Sachs & Co. LLC and Morgan Stanley & Co. International plc are also acting as joint global coordinators and book-running managers [4] Notes Structure - The U.S. dollar offerings include: - $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 - The euro offerings include: - €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 [8]