We advised the underwriters on the investment-grade notes offering

Davis Polk advised the joint global coordinators and joint book-running managers in connection with the SEC-registered offering by Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc. of $6.5 billion aggregate principal amount of senior notes in five series, consisting of $500 of 4.050% senior notes due 2029, $1.25 billion of 4.350% senior notes due 2031, $750 million of 4.650% senior notes due 2033, $2 billion of 5.000% senior notes due 2036 and $2 billion of 5.850% senior notes due 2056. The notes are fully and unconditionally guaranteed on a senior unsecured basis by Baker Hughes Company. Baker Hughes intends to use a portion of the net proceeds from the offering to fund its proposed acquisition of Chart Industries, Inc.

Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Baker Hughes conducts business in more than 120 countries.

The Davis Polk capital markets team included partner Shane Tintle and associates Kanger Jin, Elli Park and Matthew A. Bultman. The tax team included counsel Dustin Plotnick and associate Alanna Phillips. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.

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