Davis Polk advised Baker Hughes Incorporated in connection with its waterfall cash tender offer for $1 billion aggregate principal amount of six series of outstanding notes.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company’s 39,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources.

The Davis Polk corporate team included partner Joseph A. Hall and associates Christopher M. Bezeg and Nathan R. Schuur. Partner Avishai Shachar and associate Anthony L. Oliva provided tax advice. All members of the Davis Polk team are based in the New York office.