Baker Hughes agrees to buy Chart Industries


The oilfield-services firm entered into a commitment letter with Goldman Sachs and Morgan Stanley for a 364-day loan facility of as much as US$14.9bil. — Bloomberg

HOUSTON: Baker Hughes Co has lined up the biggest blue-chip debt financing for an acquisition this year after cinching a US$9.6bil deal to buy Chart Industries Inc.

The oilfield-services firm entered into a commitment letter with Goldman Sachs Group Inc and Morgan Stanley for a 364-day loan facility of as much as US$14.9bil, according to a Tuesday filing.

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