---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-301411"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T07:12:13.694929+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chart Industries (GTLS) prices $1.01B equity and $1.97B debt offerings for Howden deal

## Summary
- Priced 5.92M common shares at $118.17/share (~$700M gross) and 7M depositary shares at $50 each (~$350M gross); net proceeds ~$1.01B.
- Priced $1.46B 7.5% senior secured notes due 2030 and $510M 9.5% unsecured notes due 2031; combined ~$1.97B debt.
- Proceeds from equity and debt, plus new term loan, will fund acquisition of Howden from KPS Capital Partners.
- Series B Mandatory Convertible Preferred Stock (depositary shares) yields 6.75% annual dividend, converts to common by Dec 2025.
- Offerings expected to close Dec 13 (equity) and Dec 22 (notes); underwriters have 30-day options for additional shares.

## SEC filing metadata
- accession: 0001193125-22-301411
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312522301411/0001193125-22-301411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312522301411/d435756d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-301411
- JSON: https://secwatch.observer/filing/0001193125-22-301411.json
- Plain text: https://secwatch.observer/filing/0001193125-22-301411.txt

## Key facts
- Material Agreements
  CHART INDUSTRIES INC entered into Letter Agreement with the Sellers (Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC) and the Acquired Companies (Granite US Holdings LP, Granite Acquisition GmbH, Granite Canada Holdings Acquisition Corp., HowMex Holdings, S. de R.L. de C.V.) (effective 2022-12-07).
  - Action: entry
  - Counterparty: the Sellers (Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC) and the Acquired Companies (Granite US Holdings LP, Granite Acquisition GmbH, Granite Canada Holdings Acquisition Corp., HowMex Holdings, S. de R.L. de C.V.)
  - Effective: 2022-12-07
  source text: On December 7, 2022, in connection with the previously announced acquisition of Howden from affiliates of KPS Capital Partners, LP (the “ Acquisition ”) and the Offerings (defined below), Chart Industries, Inc. (“ Chart ”) entered into a letter agreement (the “ Letter Agreement ”) by and among (i) Granite Holdings I B.V., a Dutch private limited company (the “ Primary Seller ”), Granite Holdings II B.V., a Dutch private limited company (“ BV II ”), and Granite US Holdings GP, LLC, a Delaware limited liability company (“ US GP Seller ” and, together with Primary Seller and BV II, the “ Sellers ”), (ii) Granite US Holdings LP, a Delaware limited partnership (“ Granite US ”), Granite Acquisition GmbH, a German limited liability company (“ Granite Germany ”), Granite Canada Holdings Acquisition Corp., a corporation formed pursuant to the laws of British Columbia (“ Granite Canada ”), and HowMex Holdings, S. de R.L. de C.V., a Mexican limited liability company (“ Granite Mexico ” and, toget
  evidence_url: https://www.sec.gov/Archives/edgar/data/892553/000119312522301411/0001193125-22-301411-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.