---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-264472"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:32:08.438151+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chart Industries sells American Fan to Fairbanks Morse for $111M cash; debt reduction

## Summary
- All-cash sale of American Fan business to Fairbanks Morse Defense for $111 million.
- Proceeds used for debt paydown; 2023 divestiture proceeds total ~$500 million.
- American Fan designs fans for US Navy and specialty industrial; facility in Fairfield, OH included.
- Transaction signed and closed simultaneously on Oct 26, 2023.
- Chart CEO says sale accelerates deleveraging; target net leverage 2.5-2.9 by mid-2024.

## SEC filing metadata
- accession: 0001193125-23-264472
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312523264472/0001193125-23-264472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312523264472/d845636d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-264472
- JSON: https://secwatch.observer/filing/0001193125-23-264472.json
- Plain text: https://secwatch.observer/filing/0001193125-23-264472.txt

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