Chart Industries shops $1.78 billion term B at SOFR plus 325-350 bps

By Sara Rosenberg

New York, Sept. 19 – Chart Industries Inc. is seeking a $1.781 billion term loan B due March 2030 that is talked at SOFR+10 basis points CSA plus 325 bps to 350 bps with a 0.5% floor and an original issue discount of 99.75, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank, HSBC Securities (USA) Inc., Morgan Stanley Senior Funding Inc. and PNC Capital Markets are the leads on the deal that launched with a call on Monday.

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

Proceeds will be used to reprice an existing term loan down from SOFR+10 bps CSA plus 375 bps with a 0.5% floor.

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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