Baker Hughes Raises $3 Billion Credit Line
Baker Hughes Holdings LLC, a subsidiary of the American oilfield services company Baker Hughes Co., has attracted a revolving credit line of $3 billion for a period of five years, the parent company said in a statement on the website of the US Securities and Exchange Commission (SEC).
Baker Hughes Co. fully guarantees payments under the underlying agreement, which replaces a previous line of credit for the same amount. There are no outstanding debts under this line, opened in December 2019.
JPMorgan Chase, Citigroup, UniCredit, Barclays, Deutsche Bank, HSBC, BofA, Morgan Stanley and Goldman Sachs are joint bookrunners and lead arrangers on the new deal. JPMorgan is also the administrative agent.
