secwatch.observer — SEC 8-K summary
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Issuer:     CHART INDUSTRIES INC (GTLS)
CIK:        0000892553
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001193125-22-290492
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chart Industries amends credit agreement to permit up to $3.375B bridge facility for Granite acquisition
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- Amendment No. 1 to existing credit agreement allows $3.375B senior bridge facility to finance the previously announced Granite acquisition.
- Interest coverage ratio reduced to 2.00x for six quarters post-closing, then 2.50x; total net leverage ratio increased to 6.00x then 5.00x then 4.50x.
- Amendment automatically terminates if the Granite acquisition does not close by the Termination Date per the Purchase Agreement.
- Lenders include JPMorgan, Bank of America, Fifth Third, HSBC, PNC, Wells Fargo, and others as co-syndication/co-documentation agents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/892553/000119312522290492/0001193125-22-290492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/892553/000119312522290492/d423929d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-290492

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