Chart Industries reprices $1.78B term loan, cuts margin by 50bp, saving ~$9M annually

CHART INDUSTRIES INC

Repriced $1,781 million senior secured term loan maturing March 17, 2030.
New rate: SOFR (0.50% floor) + 0.10% credit spread + 3.25% margin, down 0.50%.
Anticipated ~$9 million annual interest expense savings.
Repricing met strong lender demand; expected to close in October 2023.
CEO cites step in optimizing capital structure.

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