Cravath represented the underwriters, led by BofA Securities, Morgan Stanley, Barclays, Citigroup, Deutsche Bank Securities, HSBC and J.P. Morgan Securities, in connection with the $525 million registered senior notes offering of Baker Hughes, a GE company, LLC and Baker Hughes Co‑Obligor, Inc. Baker Hughes is a fullstream oilfield technology provider that has a unique mix of integrated oilfield products, services and digital solutions. The transaction closed on November 7, 2019.
The Cravath team included partners William V. Fogg and Andrew J. Pitts and associates Yannick Adler, Megan M. Ji and Christopher M. Tierney on securities matters, and associate Kiran Sheffrin on tax matters. Duncan H. Hardell also worked on the matter.