Baker Hughes Prices Private Placement Of 3.337% Senior Notes Due 2027 For US$1,350 Million

Published: Dec 06 2017
Deal Summary

Baker Hughes, a GE company, a midstream energy company, priced the private placement of 3.337% senior notes, due 2027, for gross proceeds of US$1,350 million (MM).

The company intends to use the proceeds from the offering to purchase the tender offer of 7.5% and 6% senior notes; to purchase up to US$175 MM in aggregate purchase price of outstanding 8.55% debentures due 2024 and 6.875% notes due 2029 that are validly tendered; to redeem any remaining 2018 notes; pay for the transaction costs and expenses of the placement; and for general corporate purposes.

The completion of offering is subject to customary closing conditions.

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