BREAKING: Baker Hughes enters underwriting for €3.0B + $6.5B senior note offering to fund the cash portion…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: Baker Hughes enters underwriting for €3.0B + $6.5B senior note offering to fund the cash portion of its pending Chart acquisition 🚨💶💵 $BKR #ChartAcquisition #DebtRaise #M&A #FinTwit
ALERT: Proceeds will finance part of the merger consideration, pay fees and retire Chart’s debt — BHC fully guarantees the notes, signaling a material boost to leverage and long-term interest costs ⚠️📈 $BKR #Leverage #BondMarket #M&A
Confirmed: EUR tranches — €600M (2030, 3.226%), €900M (2034, 3.812%), €750M (2038, 4.193%), €750M (2046, 4.737%). USD tranches include $500M–$2B pieces; largest is $2B 5.85% due 2056 🧾🔍 $BKR #DebtOffering #FixedIncome #FinTwit
Note: Underwriters include Goldman, Morgan Stanley, Citi, DB & J.P. Morgan — some are also BHC lenders on its term loan/bridge and will be compensated. Notes issued under BHH LLC shelf; see prospectus supplements for closing details 📑🤝 $BKR #Bankers #Mergers #FinTwit