- The company sold $500M of 6.50% sr notes that mature on Nov 15, 2013 and $750M of 7.50% sr notes that mature on Nov 15 2018.
- The proceeds will be used to repay debt and for general corporate purposes.

Other headlines for [BHI]

• BHI Yesterday 04:44pm
  Baker Hughes Inc Reports Dec international rig count 1,078 v 1,096 m/m and 1,036 y/y; US rig count 1,782 (down 153 m/m and down 29 y/y)- The international offshore rig count for December 2008 was 291, down 6 from the more...
  
• 12/22/2008 09:01pm
  TTN Analysis: Oil companies continue to cut 2009 CAPEX forecasts as oil prices drop and the credit crunch persists- As oil and gas prices have continued to retreat away from the highs seen during the more...
  
• WFT 12/16/2008 07:35am
  Weatherford International Inc Hearing shares of WFT, BHI cut to market perform from outperform at Bernstein
  
• 12/14/2008 10:40pm
  (US) WSJ notes that US oil drilling activity is slowing more than expected- Baker Hughes recently reported that the number of drilling rigs working in the US had fallen to 1,790 (-12% from the Sept more...
  
• BHI 12/5/2008 06:05am
  Baker Hughes Inc Reports Nov Intl. rig count 1,096 v 992 y/y, Intl. off shore rig count 297 v 272 y/y- Total global rig count 3,448 v 3,161 y/y
  

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