We are advising the lead arrangers and agent on the facility

Davis Polk is advising the joint lead arrangers, joint bookrunners and administrative agent in connection with a $14.9 billion bridge facility for Baker Hughes Company’s proposed acquisition of Chart Industries, Inc. The Baker Hughes/Chart acquisition agreement replaces the previously announced acquisition between Chart and Flowserve Corporation. Flowserve terminated its acquisition agreement with Chart after its board of directors declined to submit a revised offer to compete with Baker Hughes’ proposal, which the Chart board of directors approved as a superior proposal.

Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, its innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet.

Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid molecule handling across a broad range of industrial and energy end markets. Chart operates 64 manufacturing locations with over 50 service centers globally.

The Davis Polk finance team includes partner Vanessa L. Jackson, counsel Darren Mahone and Randall (Randy) Dorf and associate Jenelle L. Davis. Partner Shane Tintle is providing capital markets advice. All members of the Davis Polk team are based in the New York office.

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