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Baker Hughes Company Debt Report: Insights on 5.125% Senior Notes 2040

$BKR
Form 8-K
Filed on: 2025-04-22
Source
Baker Hughes Company Debt Report: Insights on 5.125% Senior Notes 2040

Based on the provided section of the financial report, here are the key points and insights:

  1. Company Information:
  • Entity Name: Baker Hughes Company
  • CIK (Central Index Key): 0001701605
  • Address: 575 N. Dairy Ashford Rd., Suite 100, Houston, TX 77079-1121
  • Phone Number: 713-439-8600
  • Class of Stock: Class A Common Stock with a par value of $0.0001 per share
  • Ticker Symbol: BKR, traded on NASDAQ
  1. Debt Instrument:
  • Debt Type: 5.125% Senior Notes
  • Due Date: 2040
  • Obligors: The notes are issued by Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc.
  • Identifier for Debt: BKR40, traded on NASDAQ
  1. Reporting Period:
  • Filing Date: April 22, 2025
  • Start Date of Reporting Period: April 22, 2025
  • End Date of Reporting Period: April 22, 2025
  1. Regulatory Framework:
  • The filing is made under the XBRL (eXtensible Business Reporting Language) format, which is standard for SEC filings.
  • The document references various namespaces including US GAAP (Generally Accepted Accounting Principles) for accurate financial reporting.
  1. Contextual Information:
  • The report includes dimensions for long-term debt type, indicating that this is a specific categorization of the company’s long-term liabilities.

Insights:

  • The issuance of 5.125% Senior Notes due in 2040 indicates Baker Hughes's strategy to secure long-term funding at a fixed interest rate.
  • The company is actively engaged in capital markets, as evidenced by its public listing and issuance of debt securities.
  • The filing date aligns with the end of the reporting period, suggesting this may be a real-time or event-driven filing, which could impact investor perception and market behavior.
  • Baker Hughes's address and contact information suggest its operational base is firmly established in Houston, TX, a significant hub for the oil and gas industry.

This summary provides a snapshot of Baker Hughes's financial positioning regarding its debt and corporate structure as of the specified reporting date.