Baker Hughes Prices \$6.5 Billion and €3 Billion Senior Notes Offerings to Fund Chart Industries Acquisition

HOUSTON and LONDON, March 5, 2026 — Baker Hughes Company (NASDAQ: BKR), a global leader in energy technology, has announced the successful pricing of two major debt offerings totaling \$6.5 billion and €3 billion. The proceeds are aimed at funding the proposed acquisition of Chart Industries, Inc., a move that could significantly reshape the company’s business profile and financial standing.

Key Highlights of the Debt Offerings

• \$6.5 Billion U.S. Dollar Offering:
  • \$500 million 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
  • \$2 billion of 5.850% Senior Notes due 2056
• €3 Billion Euro Offering:
  • €600 million of 3.226% Senior Notes due 2030
  • €900 million of 3.812% Senior Notes due 2034
  • €750 million of 4.193% Senior Notes due 2038
  • €750 million of 4.737% Senior Notes due 2046

Purpose and Use of Proceeds: Chart Industries Acquisition

Baker Hughes intends to use the net proceeds from these offerings to fund a portion of the cash consideration for its proposed acquisition of all outstanding shares of Chart Industries, Inc. This acquisition, if completed, would be a major strategic move, potentially broadening Baker Hughes’ portfolio and market reach in the energy and industrial sectors.

Importantly, the terms of the notes include a special mandatory redemption at 101% of the aggregate principal amount if the Chart acquisition is not consummated. This feature provides a degree of downside protection for noteholders if the transaction falls through.

Timing and Transaction Details

• The offerings are expected to close on March 11, 2026, subject to customary closing conditions.
• The notes will be issued by Baker Hughes Holdings LLC (BHH LLC) and its wholly owned subsidiary, Baker Hughes Holdings Co-Obligor, Inc., and fully and unconditionally guaranteed by Baker Hughes.

Underwriting and Book-Running Syndicate

A large and diverse syndicate of leading global banks is managing the transaction, indicating strong institutional interest and support.

• Joint Global Coordinators for U.S. Dollar Offering:
  Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC
• Joint Global Coordinators for Euro Offering:
  Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc
• Other Book-Runners and Managers:
  Citigroup, Deutsche Bank, J.P. Morgan, BofA Securities, Barclays, HSBC, MUFG, UniCredit, BNP Paribas, Société Générale, Standard Chartered, Intesa Sanpaolo, RBC, BBVA, Academy Securities, Siebert Williams Shank, The Standard Bank of South Africa, Loop Capital Markets, among others.

Investor Considerations & Price Sensitivity

• Acquisition Risk: The entire debt issuance is contingent on the completion of the Chart Industries transaction. If the acquisition does not close, the notes are subject to mandatory redemption, which could impact Baker Hughes’ near-term financial strategy and capital allocation.
• Leverage and Financial Flexibility: This is a substantial increase in debt for Baker Hughes, potentially affecting its credit metrics and future financial flexibility. Shareholders should monitor for any changes in credit ratings or interest coverage.
• Strategic Rationale: The acquisition of Chart Industries could provide significant growth opportunities and synergies, enhancing Baker Hughes’ competitive position in energy and industrial markets.
• Market Impact: Completion of the offering and subsequent acquisition could be a significant driver for Baker Hughes’ share price, given the size and strategic importance of the transaction.

Forward-Looking Statements and Risk Factors

As with any major transaction, Baker Hughes’ forward-looking statements are subject to various risks and uncertainties, including market conditions, regulatory approvals, integration risks, and other factors as described in its SEC filings. Investors should review these documents carefully.

About Baker Hughes

Baker Hughes is a leading energy technology company, operating in over 120 countries, focused on delivering innovative solutions for energy and industrial customers worldwide.

For further information, investors and media representatives are encouraged to contact Baker Hughes’ Investor Relations or Media Relations teams.

Disclaimer: This article is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. All investments carry risks. Readers are urged to consult the official prospectus and other filings with the U.S. Securities and Exchange Commission (SEC) for complete information. Baker Hughes undertakes no obligation to update forward-looking statements except as required by law.

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