U.S. oil services company Halliburton said it was offering five tranches of senior notes, using the proceeds to help finance the acquisition of Baker Hughes. Halliburton said it was offering $7.5 billion in senior notes to be issued in five tranches, with a maximum 5 percent fixed rate for a 30-year note maturing Nov. 15, 2045. “Halliburton intends to use the net proceeds of the offering for general corporate purposes, including financing a portion of the cash consideration component of Halliburton’s pending acquisition of Baker Hughes Inc.,” the company said in a statement. Both companies have struggled to cope with the weak trajectory for crude oil prices, down about 50 percent from when the merger […]

Posted in: USA