Baker Hughes Moves to Raise $10 Billion Bond for Chart Industries Acquisition
Baker Hughes is arranging a cross-border bond sale of about $10 billion through Goldman Sachs and Morgan Stanley to fund its $9.6 billion acquisition of Chart Industries and replace a $14.9 billion 364-day loan facility. The company also won a contract to supply a 10 MWe steam turbine for Aalo Atomics’ experimental reactor.
1. Plans $10B Cross-Border Bond Sale
Baker Hughes has engaged Goldman Sachs and Morgan Stanley to arrange investor calls for a potential euro- and dollar-denominated bond offering of about $10 billion, intended to fund its July agreement to acquire Chart Industries for $9.6 billion and to replace a 364-day $14.9 billion loan facility.
2. Secures Steam Turbine Contract for Aalo’s Reactor
The company will supply a 10 MWe steam turbine generator and ancillary systems for Aalo Atomics’ Aalo-X experimental nuclear reactor, marking Baker Hughes’ entry into advanced modular reactor equipment targeted at AI data centers.