{"url_path":"/sec/bkr/8-k/2026-07-16/item-1-02","section_key":"item-1-02","section_title":"Item 1.02 Termination of 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":306,"has_tables":true,"body_markdown":"Item 1.02. Termination of a Material Definitive Agreement.\n\nIn connection with the acquisition of Chart described in Item 2.01 below, on July 16, 2026, BHH’s existing term loan credit agreement (the “Previous Term Loan Credit Agreement”), dated August 15, 2025, among BHH, as borrower, and Baker Hughes, as parent guarantor, the lenders party thereto and Goldman Sachs Bank USA, as administrative agent, previously filed with the Securities and Exchange Commission (the “SEC”) as Exhibit 10.1 to Baker Hughes’s Current Report on Form 8-K filed on August 18, 2025, automatically terminated. There were no termination penalties associated with the termination of the Previous Term Loan Credit Agreement.\n\nThe Previous Term Loan Credit Agreement was a senior, unsecured delayed draw term loan facility. The maximum availability under the Previous Term Loan Credit Agreement was $2.6 billion. The Previous Term Loan Credit Agreement provided for interest at a rate per annum equal to (i) the Alternate Base Rate (as defined in the Previous Term Loan Credit Agreement), plus an applicable margin of 0 bps or 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 “Goldman Sachs Ratings”), or (ii) Adjusted Term SOFR (being Term SOFR plus a credit spread adjustment of 10 bps), plus an applicable margin ranging from 62.5 bps to 112.5 bps based on BHH’s Goldman Sachs Ratings. The loans under the Previous Term Loan Credit Agreement would have matured 2 years from the date of funding.\n\nThe above summary of the terms of the Previous Term Loan Credit Agreement is not a complete description thereof and is qualified in its entirety by the full text of such agreement which was filed as Exhibit 10.1 to Baker Hughes’s Current Report on Form 8-K filed on August 18, 2025 and incorporated herein by reference."}