Chart Industries launches $250 million term loan at 98.75-99.25 OID

By Sara Rosenberg

New York, June 27 – Chart Industries Inc. held a lender call at 11 a.m. ET on Tuesday to launch a fungible $250 million add-on term loan B (B+) due March 2030 that is talked with an original issue discount of 98.75 to 99.25, according to a market source.

Pricing on the add-on term loan is SOFR+10 basis points CSA plus 375 bps with a 0.5% floor, in line with existing term loan B pricing.

The add-on term loan, like the existing term loan, has 101 soft call protection until September.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Wednesday, the source added.

Proceeds will be used for general corporate purposes, including to repay existing debt.

Chart Industries is a Ball Ground, Ga.-based manufacturer of highly engineered equipment servicing multiple applications in the energy and industrial gas markets.

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