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

Core Viewpoint - Baker Hughes successfully issued $6.5 billion in debt and €3 billion in debt to fund the acquisition of Chart Industries, Inc. [1][2] Debt Issuance Details - The debt consists of five tranches of senior unsecured notes totaling $6.5 billion and four tranches of senior unsecured notes totaling €3 billion [1] - The notes are issued by Baker Hughes' subsidiary, Baker Hughes Holdings LLC, and are guaranteed by Baker Hughes on a senior unsecured basis [1] Use of Proceeds - The net proceeds from the notes will be used to fund a portion of the cash consideration for the proposed acquisition of Chart Industries, Inc. [2] - The notes are subject to a special mandatory redemption at 101% of the aggregate principal amount if the acquisition is not completed [2] Underwriters and Managers - Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as joint global coordinators and book-running managers for the U.S. dollar offering [3] - For the euro offering, Goldman Sachs & Co. LLC and Morgan Stanley & Co. International plc served as joint global coordinators and book-running managers [3][5] Specifics of the Notes - The U.S. dollar offering includes: - $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 offering includes: - €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 [7]