Form 8-K · Current report
Baker Hughes 8-K, filed Jul 16, 2026
- Filed
- CIK
- 0001701605
- Accession no.
- 0001193125-26-305477
Summary
Baker Hughes completed its acquisition of Chart Industries on July 16, 2026, converting each Chart share into the right to receive $210.00 in cash. Baker Hughes Holdings LLC funded the deal partly through two new $1.0 billion senior unsecured term loan facilities with Bank of America and UniCredit, borrowing $2.0 billion, and terminated its prior $2.6 billion delayed-draw term loan with Goldman Sachs.
Key points
- The term loans were entered into on July 15, 2026, with Bank of America and UniCredit Bank GmbH, New York Branch, as administrative agents, and mature two years from funding.
- Baker Hughes also funded the merger consideration from cash on hand and $6.5 billion and €3.0 billion of senior notes issued on March 11, 2026.
- Chart options and restricted stock units were converted or cashed out under the merger agreement, with post-signing RSUs converted into Baker Hughes restricted stock units.
- Borrowings under the new facilities are used to fund the merger consideration, pay related fees and expenses, and repay Chart's outstanding indebtedness.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.01Completion of Acquisition or Disposition of Assets
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. On July 15, 2026, Baker Hughes Holdings LLC (“BHH”), as borrower, and Baker Hughes, as parent guarantor, entered into (i) a term loan credit agreement (the “Bank of America Term Loan Credit Agreement”) with the lenders party thereto (the “Bank of America Lenders”) and Bank of America, N.A., as administrative agent, with aggregate lending commitments of $1.0 billion for a senior, unsecured term loan facility and (ii) a term loan credit agreement (the “UniCredit Term Loan Credit Agreement,” and, together with the Bank of America Term Loan Credit Agreement, the “Term Loan Credit Agreements”) with the lenders party thereto (the “UniCredit…
An excerpt of the text as filed with the SEC, cut for length.
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