Baker Hughes’s $3.95 Billion Senior Notes Offering

Cravath represented the initial purchasers, led by Morgan Stanley, Barclays, Citigroup, Deutsche Bank Securities, Bank of America Merrill Lynch, HSBC, J.P. Morgan Securities and UniCredit Capital Markets, in connection with the $3.95 billion 144A/Reg. S senior notes offering of Baker Hughes

Baker Hughes, led by Lorenzo Simonelli, John L. Flannery Jr. and M. Lee Whitley, is a leading supplier of oilfield services, products, technology and systems. Cravath also represented the dealer managers in connection with concurrent debt self-tender offers by Baker Hughes.

The transaction closed on December 11, 2017.

The Cravath team included partners Andrew J. Pitts (Picture) and D. Scott (Picture) Bennett and associates Major C. McCargo and Sean M. Linnehan on securities matters; senior attorney Annmarie M. Terraciano on environmental matters; and associate Damien J. Rose and foreign associate attorney Jean-Baptiste Frantz on tax matters. D. Ryan Hart also worked on securities matters.

 

Involved fees earner: Andrew Pitts – Cravath Swaine & Moore; Scott Bennett – Cravath Swaine & Moore; Major McCargo – Cravath Swaine & Moore; Sean Linnehan – Cravath Swaine & Moore; Annmarie Terraciano – Cravath Swaine & Moore; Damien Rose – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Bank; Bank of America Merrill Lynch; Citigroup Inc.; Deutsche Bank Securities; HSBC; Morgan Stanley; JP Morgan Securities; UniCredit Capital Markets;