Chart Industries Inc.

07/03/2024 | Press release | Distributed by Public on 07/03/2024 11:22

Material Agreement Form 8 K

Item 1.01

Entry into a Material Definitive Agreement.

On July 2, 2024, Chart Industries, Inc. (the "Company") entered into an amendment ("Amendment No. 7"), by and among the Company, the other loan parties party thereto, the issuing banks party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto, which amends its fifth amended and restated credit agreement, dated as of October 18, 2021 (as amended by Amendment No. 1, dated as of November 21, 2022, Amendment No. 2, dated as of March 16, 2023, Amendment No. 3, dated as of March 17, 2023, Amendment No. 4, dated as of June 30, 2023, Amendment No. 5, dated as of October 2, 2023, and Amendment No. 6, dated as of April 8, 2024, and as further amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement").

Among other things, as more fully set forth therein, Amendment No. 7 (i) reduces the interest rate margins applicable to the term loan facility by 75 basis points from 2.25% to 1.50%, in the case of base rate loans, and from 3.25% to 2.50%, in the case of Secured Overnight Financing Rate (SOFR) loans and (ii) eliminates the 0.10% SOFR credit spread adjustment with respect to the term loans. Amendment No. 7 is a "Refinancing Amendment" permitted under the terms of the Credit Agreement. Except as amended by Amendment No. 7, the remaining terms of the Credit Agreement remain in full force and effect.

The foregoing description of Amendment No. 7 does not purport to be complete and is qualified in its entirety by reference to the full text thereof, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Some of the financial institutions party to Amendment No. 7 and their respective affiliates have performed, and/or may in the future perform, various commercial banking, investment banking and other financial advisory services in the ordinary course of business for the Company and its subsidiaries, for which they have received, and/or will receive, customary fees and commissions.