{"url_path":"/sec/bkr/8-k/2026-07-16/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/1701605/0001193125-26-305477-index.html","accession_number":"0001193125-26-305477","cik":"0001701605","ticker":"BKR","issuer_name":"Baker Hughes Co","edgar_url":"https://www.sec.gov/Archives/edgar/data/1701605/0001193125-26-305477-index.html","primary_entity_key":"0001701605","primary_entity_name":"Baker Hughes Co"},"word_count":543,"has_tables":true,"body_markdown":"Item 1.01. Entry into a Material Definitive Agreement.\n\nOn July 15, 2026, Baker Hughes Holdings LLC (“BHH”), as borrower, and Baker Hughes, as parent guarantor, entered into (i) a term loan credit agreement (the “Bank of America Term Loan Credit Agreement”) with the lenders party thereto (the “Bank of America Lenders”) and Bank of America, N.A., as administrative agent, with aggregate lending commitments of $1.0 billion for a senior, unsecured term loan facility and (ii) a term loan credit agreement (the “UniCredit Term Loan Credit Agreement,” and, together with the Bank of America Term Loan Credit Agreement, the “Term Loan Credit Agreements”) with the lenders party thereto (the “UniCredit Lenders,” and, together with the Bank of America Lenders, the “Lenders”) and UniCredit Bank GmbH, New York Branch, as administrative agent, with aggregate lending commitments of $1.0 billion for a senior, unsecured term loan facility, each in connection with the Merger. Baker Hughes fully guaranteed the obligations under each Term Loan Credit Agreement.\n\nThe term loans were funded by the respective Lenders at closing of the Term Loan Credit Agreements, and the proceeds of the term loans shall be used by Baker Hughes to finance, together with other sources of funds, the Merger and to pay related fees and expenses.\n\nLoans under the Bank of America Term Loan Credit Agreement bear interest at a rate per annum equal to (i) the Alternate Base Rate (as defined in the Bank of America Term Loan Credit Agreement), plus an applicable margin ranging from 0 bps to 25.0 bps based on the ratings of BHH’s senior unsecured non-credit enhanced long-term debt, as determined by Standard & Poor’s or Moody’s (the “Bank of America Ratings”), or (ii) the Term SOFR Rate (as defined in the Bank of America Term Loan Credit Agreement), plus an applicable margin of 100.0 bps to 125.0 bps based on BHH’s Bank of America Ratings.\n\nLoans under the UniCredit Term Loan Credit Agreement bear interest at a rate per annum equal to (i) the Alternate Base Rate (as defined in the UniCredit Term Loan Credit Agreement), plus an applicable margin ranging from 0 bps to 12.5 bps based on the ratings of BHH’s senior unsecured non-credit enhanced long-term debt, as determined by Standard & Poor’s or Moody’s (the “UniCredit Ratings”), or (ii) the Term SOFR Rate (as defined in the UniCredit Term Loan Credit Agreement), plus an applicable margin of 62.5 bps to 112.5 bps based on BHH’s UniCredit Ratings.\n\nBorrowings under each Term Loan Credit Agreement will mature 2 years from the date of funding. Each Term Loan Credit Agreement also contains (i) certain representations and warranties, (ii) certain affirmative covenants, (iii) certain negative covenants and (iv) certain events of default, including among other things, cross-acceleration to certain indebtedness, and certain events of bankruptcy in each case, that BHH and Baker Hughes consider customary. If such an event of default occurs, the applicable Lenders would be entitled to accelerate amounts due under the applicable Term Loan Credit Agreement.\n\nThe above summary of the terms of each Term Loan Credit Agreement is not a complete description thereof and is qualified in its entirety by the full text of such agreements which are filed as Exhibits 10.1 and 10.2 hereto and incorporated herein by reference."}