Davis Polk advised Chart Industries, Inc. on bond hedge, warrant and capped call transactions that it entered into in connection with an SEC-registered offering of $250 million aggregate principal amount of 2% convertible senior subordinated notes due 2018. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers of the convertible notes offering, and certain of their affiliates were counterparties to the bond hedge, warrant and capped call transactions.

Chart Industries is a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart’s products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related.

The equity derivatives team included partner Mark M. Mendez and associates Marcel Fausten and Evan Rosen (not yet admitted) and summer associate Ravi Ramchandani. The tax team included partner Michael Farber and associate Yuliya Epifantseva. All members of the Davis Polk team are based in the New York office.