Insight
Chart Industries, Inc. Registered Public Offering of Depository Shares
Insight
Chart Industries, Inc. Registered Public Offering of Depository Shares
December 8, 2022
Winston & Strawn recently represented Chart Industries, Inc. in a registered public offering of US$300M of depositary shares, each representing a 1/20th interest in a share of a newly created series of Series B Mandatory Convertible Preferred Stock of Chart (which was upsized to over US$400M). Chart intends to use the proceeds from this offering to fund its previously announced acquisition of Howden. Chart is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the energy and industrial gas markets.