CHART INDUSTRIES INC (GTLS): debt financing — Chart Industries issues $1.97B in notes to fund $4.4B acquisition of Granite Holdings

CHART INDUSTRIES INC

Issued $1.46B senior secured notes at 7.50%, due 2030, and $510M senior unsecured notes at 9.50%, due 2031.
Proceeds deposited in escrow; special mandatory redemption if acquisition not closed by Nov 15, 2023.
Notes issued to finance $4.4B acquisition of Granite Holdings II B.V., a global air and gas handling provider.
Interest payable Jan 1 and Jul 1, starting Jul 1, 2023; notes callable on or after Jan 1, 2026.
Notes are fully and unconditionally guaranteed by Chart's domestic restricted subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CHART INDUSTRIES INC incurred senior notes of $1,460,000,000 with U.S. Bank Trust Company, National Association at 7.500% per year maturing January 1, 2030.

Instrument: senior notes
Principal: $1,460,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.500% per year
Maturity: January 1, 2030
Event: incurrence

Exact text from the filing

On December 22, 2022, Chart Industries, Inc. (“ Chart ”) issued (i) $1,460,000,000 aggregate principal amount of 7.500% Senior Secured Notes due 2030 (the “ Secured Notes ”) at an issue price of 98.661%

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CHART INDUSTRIES INC incurred senior notes of $510,000,000 with U.S. Bank Trust Company, National Association at 9.500% per year maturing January 1, 2031.

Instrument: senior notes
Principal: $510,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.500% per year
Maturity: January 1, 2031
Event: incurrence

Exact text from the filing

(ii) $510,000,000 aggregate principal amount of 9.500% Senior Notes due 2031 (the “ Unsecured Notes ” and, together with the Secured Notes, the “ Notes ”) at an issue price of 97.949%

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10 debt financings filed in the last 30 days. Browse all debt financings →

CHART INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001193125-22-311037

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