March 4 (Reuters) – Baker Hughes is planning to raise about $10 billion from a cross-border bond sale to help fund its acquisition of Chart Industries, Bloomberg News reported on Wednesday, citing sources familiar with the matter.
The company said last year that it would buy Chart Industries in a $13.6 billion all-cash deal, giving the oilfield services company greater exposure to industrial technology servicing liquefied natural gas and data centers.
The Bloomberg News report added that Baker Hughes has mandated banks, led by Goldman Sachs Group and Morgan Stanley, to arrange calls with investors on Wednesday.
An offering of euro- and- dollar- denominated bonds may follow, the report said.
Proceeds from the bond sale would replace a 364-day loan facility of as much as $14.9 billion inked last year to help finance the acquisition, according to the report.
Baker Hughes and Morgan Stanley did not immediately respond to a Reuters request for a comment, and Goldman Sachs declined to comment.
(Reporting by Pranav Mathur in Bengaluru; Editing by Shinjini Ganguli)
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