Baker Hughes Co. completed its acquisition of Chart Industries, Inc. on July 16, 2026, closing a merger agreement originally dated July 28, 2025. Under the transaction, Tango Merger Sub, Inc., a Delaware corporation and indirect subsidiary of Baker Hughes, merged with and into Chart, with Chart surviving as an indirect subsidiary of Baker Hughes. The deal converted each eligible outstanding share of Chart common stock, par value $0.01 per share, into the right to receive $210.00 in cash, without interest and subject to applicable withholding taxes. Shares owned by Baker Hughes, its wholly owned subsidiaries, Chart or Chart’s wholly owned subsidiaries were excluded, as were shares held by stockholders who properly exercised and perfected appraisal rights under Delaware law. The filing did not disclose the total number of Chart shares converted in the merger. Chart equity awards were also addressed at the effective time. Chart stock options with exercise prices below $210.00 per share were canceled in exchange for the cash spread between $210.00 and the applicable exercise price, while options with exercise prices at or above $210.00 were canceled for no consideration. Restricted stock units granted before the merger agreement date were cashed out at $210.00 per underlying share. Restricted stock units granted on or after the merger agreement date were converted into Baker Hughes restricted stock units using a conversion ratio based on the average of the high and low selling prices of Baker Hughes Class A common stock on the trading day immediately before closing, with the awards otherwise retaining their prior terms. Performance stock units tied to Chart common stock received a mixed treatment. A pro rata portion, based on the elapsed portion of the applicable performance period and using the greater of target performance or actual performance achieved immediately before closing, was canceled and converted into the right to receive the $210.00 cash merger consideration. The remaining portion was converted into a cash-based award based on the same deemed performance level and remained subject to time-based vesting through the last day of the original performance period. To help fund the acquisition, Baker Hughes Holdings LLC, or BHH, entered into two new senior unsecured term loan credit agreements on July 15, 2026, with Baker Hughes serving as parent guarantor. One agreement, with Bank of America, N.A. as administrative agent, provides $1.0 billion in aggregate lending commitments. The other, with UniCredit Bank GmbH, New York Branch as administrative agent, also provides $1.0 billion. Both facilities were funded at closing, mature two years from the funding date and were used, together with other funding sources, to finance the merger, pay related fees and expenses and repay Chart’s outstanding indebtedness. The Bank of America term loans bear interest either at an Alternate Base Rate plus 0 to 25 basis points, or at Term SOFR plus 100 to 125 basis points, depending on BHH’s senior unsecured non-credit-enhanced long-term debt ratings from S&P or Moody’s. The UniCredit loans bear interest either at an Alternate Base Rate plus 0 to 12.5 basis points, or at Term SOFR plus 62.5 to 112.5 basis points, also based on BHH’s comparable debt ratings. The agreements contain customary representations, affirmative and negative covenants and events of default, including cross-acceleration to certain indebtedness and bankruptcy-related defaults. Baker Hughes said the broader funding package for the Chart acquisition consisted of cash on hand, proceeds from senior notes issued on March 11, 2026—$6.5 billion and €3.0 billion—and the $2.0 billion in new term loan borrowings. In connection with the closing, BHH’s prior senior unsecured delayed-draw term loan credit agreement dated August 15, 2025, with Goldman Sachs Bank USA as administrative agent, automatically terminated on July 16, 2026. That prior facility had maximum availability of $2.6 billion, and Baker Hughes reported that there were no termination penalties; remaining commitments were reduced to zero. The filing reports several Form 8-K items: Item 1.01 for the new material definitive financing agreements, Item 1.02 for termination of the prior term loan agreement, Item 2.01 for completion of the acquisition, Item 2.03 for the creation of direct financial obligations, Item 7.01 for the company’s press release announcing the closing, and Item 9.01 for financial statements and exhibits. Baker Hughes stated that required financial statements of the acquired business and pro forma financial information will be filed by amendment within the required 71-day period.