Chart Industries Raises Funds Via Equity & Debt Offerings To Fund Howden Deal

Chart Industries Inc GTLS has priced its previously announced concurrent offering of 5.9 million shares at a public offering price of $118.17 per share.
It also priced 7 million depositary shares at a public offering price of $50 per share.
Chart Industries has granted the underwriters in each respective offering a 30-day option to purchase up to an additional 0.8 million shares and 1.1 million depositary shares.
Yesterday, the company revealed it commenced concurrent offerings of common stock and depositary shares.
Related: Why Chart Industries Shares Are Diving
The net proceeds from the offerings of common stock and depositary shares will be approximately $675.5 million and $337.8 million, respectively.
Chart intends to use the proceeds from the offerings to fund, in part, the previously announced acquisition of Howden from affiliates of KPS Capital Partners LP.
Yesterday, the company also disclosed plans for offerings of $1.46 billion of 7.500% senior secured notes due 2030 and $510 million of 9.500% unsecured notes due 2031.
Price Action: GTLS shares are trading higher by 0.19% at $118.40 in premarket on the last check Friday.
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