Chart Industries, a manufacturer of process technologies and equipment for gas and liquid molecule handling, completed an amendment to its revolving credit facility that increases the size from $1 billion to $1.25 billion.
The facility, previously due to expire in October 2026, now has a maturity date of April 2029. The amendment, led by JPMorgan Chase Bank and supported by a syndicate of banks, also provides for favorable changes to certain terms and conditions.
“The positive outcome of extended maturity and improved terms to our revolving credit facility, supported by a very strong lender group, is another step in our success to optimize our capital structure. We remain focused on achieving our targeted leverage ratio of 2.0 to 2.5X net leverage,” Jill Evanko, CEO and president of Chart Industries, said.
