Baker Hughes Inks 2025’s Largest Acquisition Bridge Loan

Baker Hughes Co. has lined up the biggest blue-chip debt financing for an acquisition this year after cinching a $9.6 billion 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 $14.9 billion, according to a Tuesday filing. The funding would be used “in the event that Baker Hughes has not obtained other permanent financing” before the purchase closes by mid-2026, the company said. That envisioned financing includes senior-unsecured debt facilities and term loans.