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News Dec 11, 2017

Baker Hughes Bond Offering and Tender Offers

Shearman & Sterling represented Baker Hughes, a GE company, LLC (BHGE LLC) in connection with the Rule 144A/Regulation S offering of its $3.95 billion bond offering with registration rights and related tender offers for several series of its or its subsidiaries’ outstanding notes. Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acted as representatives of the initial purchasers for the bond offering. Morgan Stanley & Co. LLC and Barclays Capital Inc. acted as dealer managers for the tender offers. The bond offering closed on December 11, 2017.

BHGE LLC is a fullstream oilfield technology provider that has a unique mix of integrated oilfield products, services and digital solutions. BHGE LLC conducts business in more than 120 countries.

The Team

The Shearman & Sterling team below was supported by associates Elizabeth Akinyemi (New York-Corporate) and Jai Garg (New York-Compensation, Governance & ERISA).