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Chart Industries announces pricing of upsized public offerings
The Fly

Chart Industries announces pricing of upsized public offerings

Chart Industries announced that it has priced its previously announced concurrent offerings of 5,923,670 shares of common stock, par value $0.01 per share, at a public offering price of $118.17 per share and 7,000,000 depositary shares, each representing a 1/20th interest in a share of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share, at a public offering price of $50 per share, each in a separate underwritten registered public offering. In addition, Chart has granted the underwriters in each respective offering a 30-day option to purchase up to an additional 888,550 shares of Common Stock and up to an additional 1,050,000 Depositary Shares, in each case at the public offering price per share. The net proceeds from the Offerings of Common Stock and Depositary Shares will be approximately $675.5 million and $337.8 million, respectively, in each case after deducting the applicable underwriting discount and before estimated offering expenses payable by Chart. 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, by reducing the amount of Series A Cumulative Participating Convertible Preferred Stock to be issued to Granite Holdings I B.V., a Dutch private limited liability company, under the equity purchase agreement in connection with the Acquisition.

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