Chart Industries prepays $12 million of term loan debt

By Sara Rosenberg

New York, Sept. 27 - Chart Industries Inc. reduced all future scheduled quarterly term loan amortization payments on a pro rata basis when it voluntarily prepaid $12 million of term loan debt Monday, according to an 8-K filed with the Securities and Exchange Commission.

In making this prepayment, the company considered cash provided by operating activities for the eight months ended Aug. 31 and management's belief that forecasted operating cash flows and the ability to draw on its revolving credit facility would cover working capital, capital expenditure, restructuring and debt-related cash requirements for the remainder of 2004, the filing added.

Chart Industries is a Cleveland supplier of standard and custom-engineered products and systems serving low-temperature and cryogenic applications.

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