PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:15 PM
| This Slide: #7 of 609 |
Slide #7. Chart Industries, Inc. — Preferred Stock Offering
Company:
Chart Industries, Inc. (NYSE:GTLS)
Date announced:
12/8/2022
Shares Offered:
7,000,000
Date of Pricing:
12/9/2022
Price Per Share:
$50.00
Preferred Stock Offering Details:
Chart Industries, Inc. (NYSE: GTLS) ("Chart") announced today that, subject to market and other conditions, it has commenced concurrent offerings (together, the "Offerings") of $600 million of common stock, par value $0.01 per share ("Common Stock"), and $300 million of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share ("Preferred Stock"), each in a separate underwritten registered public offering. In addition, Chart expects to grant the underwriters in each respective offering a 30-day option to purchase up to an additional $90 million of Common Stock and up to an additional $45 million of Depositary Shares. -updated 12/9- Chart Industries, Inc. (NYSE: GTLS) ("Chart") announced today that it has priced its previously announced concurrent offerings (together, the "Offerings") of 5,923,670 shares of common stock, par value $0.01 per share ("Common Stock"), at a public offering price of $118.17 per share and 7,000,000 depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share ("Preferred Stock"), at a public offering price of $50 per share, each in a separate underwritten registered public offering. In addition, Chart has granted the underwriters in each respective offering a 30-day option to purchase up to an additional 888,550 shares of Common Stock and up to an additional 1,050,000 Depositary Shares, in each case at the public offering price per share.
Chart Industries manufactures cryogenic equipment servicing multiple market applications in the industrial gas and clean energy industries. Co.'s segments are: Cryo Tank Solutions, which designs and manufactures cryogenic solutions for the storage and delivery of cryogenic liquids; Heat Transfer Systems, which facilitates main natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production or processing of their products; Specialty Products, which supplies equipment used in specialty end-market applications; and Repair Service and Leasing, which provides installation, service, repair, maintenance, and refurbishment of its products.
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Avg. Broker Rec.
 
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Buy (3.43 out of 4) 56th percentile
(ranked higher than approx. 56% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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