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Stock impact report

Baker Hughes Plans $10 Billion Bond Sale to Finance Chart Industries Acquisition [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Baker Hughes ( NASDAQ:BKR ) is preparing a cross-border bond sale that could raise about $10 billion as the oilfield-services company moves to finance its acquisition of Chart Industries, according to people familiar with the matter. The company has asked banks led by Goldman Sachs and Morgan Stanley to arrange investor calls on Wednesday, a step that could precede an offering of both euro- and dollar-denominated bonds if market conditions hold. Is BKR fairly valued? Test your thesis with our free DCF calculator. The planned transaction may rank among the largest high-grade bond deals to approach investors since issuance stalled earlier this week following the US-Israeli attack on Iran. Credit markets have since begun to show signs of stabilization, opening the door for several borrowers to return. Eaton, for example, is exploring a bond sale of about $8 billion tied to acquisition financing as companies cautiously test investor demand a Show less Read more
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