CHART INDUSTRIES INC (GTLS): debt financing — Chart Industries reduces term loan interest margins by 50 bps in $1.78B refinancing

CHART INDUSTRIES INC

Amendment No. 5 cuts base rate margin to 2.25% and SOFR margin to 3.25%, each down 50 bps.
New $1.781B Amendment No. 5 Term Loans refinance existing Amendment No. 3 and No. 4 term loans.
JPMorgan Chase acted as lead arranger; amendment effective October 2, 2023.
Refinancing achieved through a cashless roll for consenting lenders and new lenders for the balance.
All other terms of the credit agreement remain unchanged.

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 amended credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent at reduces the interest rate margins applicable to the term loan facility by 50 bas.

Instrument: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Rate: reduces the interest rate margins applicable to the term loan facility by 50 bas
Event: amendment

Exact text from the filing

Amendment No. 5 reduces the interest rate margins applicable to the term loan facility by 50 basis points from 2.75% to 2.25%, in the case of base rate loans, and from 3.75% to 3.25%, in the case of Secured Overnight Financing Rate (SOFR) loans.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CHART INDUSTRIES INC amended Amendment No. 5 with JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (effective 2023-10-02).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto
Effective: 2023-10-02

Exact text from the filing

On October 2, 2023, Chart Industries, Inc. (the “ Company ”) entered into an amendment (“ Amendment No. 5 ”), by and among the Company, the other loan parties party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto, which amends its fifth amended and restated credit agreement, dated as of October 18, 2021

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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 0001193125-23-249021

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