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AI brief of an SEC Form 8-K · Baker Hughes (BKR)

Baker Hughes completes Chart Industries acquisition and borrows $2.0 billion

Neutral Impact 4 of 5 m&a Written later

Baker Hughes completed its acquisition of Chart Industries on July 16, 2026, with Chart stockholders receiving $210.00 in cash per share. To help fund the deal, subsidiary Baker Hughes Holdings LLC entered two term loan agreements on July 15, 2026, borrowed $2.0 billion under them, and terminated a previous $2.6 billion term loan facility with no termination penalties. The company is taking on more debt, and the filing says it targets $325 million in annualized cost synergies within three years and net leverage of 1.0-1.5x within 24 months.

Key points

  • Chart stockholders receive $210.00 in cash per share under the merger agreement
  • Baker Hughes Holdings borrowed $2.0 billion under two term loans, each maturing 2 years from funding
  • Target of $325 million in annualized cost synergies within three years after close
  • Chart reported $4.3 billion in revenue for fiscal 2025; Jim Apostolides named senior vice president to lead the Chart segment

The filing

CompanyBaker Hughes (BKR)
Form8-K, current report
Filed with the SECJul 16, 2026, 8:54 AM ET
Accession number0001193125-26-305477

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.