Chart calls its $163.2 million 9 1/8% senior subordinated notes

By Tali David

Minneapolis, Sept. 15 - Chart Industries, Inc. announced that it will redeem the entire $163.2 million outstanding principal amount of its 9 1/8% senior subordinated notes due 2015 on Oct. 17.

It will pay 103.042% of par accrued interest up to but excluding the redemption date for a total of $176 million.

The redemption of the notes is being made using proceeds from Chart's recently completed offering of 2% convertible senior subordinated notes due 2018, according to the press release.

Chart is a New York-based manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.