debt
confidence high
sentiment positive
materiality 0.65
Chart Industries amends credit agreement, cuts term loan margins 75bps, refinances $1.63B
CHART INDUSTRIES INC
- Term loan base rate margin reduced from 2.25% to 1.50%; SOFR margin from 3.25% to 2.50%.
- 0.10% SOFR credit spread adjustment eliminated for term loans.
- New $1.631 billion Amendment No. 7 Term Loans refinance existing term loans in full.
- JPMorgan Chase Bank, N.A. served as Administrative Agent; amendment effective July 2, 2024.
- Company represented solvency and no defaults after giving effect to the amendment.