secwatch.observer — SEC 8-K summary
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Issuer:     CHART INDUSTRIES INC (GTLS)
CIK:        0000892553
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001193125-22-301411
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/892553/000119312522301411/0001193125-22-301411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/892553/000119312522301411/d435756d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-301411

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