US LNG equipment-maker Chart has record year as closure awaited on $4.4Bln takeover of UK’s Howden
Chart Industries, the US LNG equipment-maker and industrial gases and clean energy company, reported soaring sales and earnings as well as record orders and a vibrant LNG market as it prepared to close the $4.4 billion take-over of UK engineering company Howden.
Chart debt funding
Dec 9 (LNGJ) - Chart Industries, the US LNG and industrial gas equipment-maker, continued its series of debt and share offerings to fund the previously announced acquisition of UK engineering firm Howden. Chart priced its offering of $1.46 billion of 7.500-percent senior secured notes due 2030 at an issue price of 98.661 percent and $510 million of 9.500-percent unsecured notes due in 2031 at an issue price of 97.949 percent.
Chart said the offering was expected to close on December 22, 2022, subject to customary closing conditions. “The Notes will be fully and unconditionally guaranteed, jointly and severally, by each of Chart’s wholly owned domestic subsidiaries that guarantee its senior secured credit facilities,” said the Atlanta, Georgia-based company.
