The high-yield senior notes are due 2030 and 2031

Davis Polk advised the representative of the several initial purchasers in connection with the offering of $1.46 billion aggregate principal amount of 7.500% senior secured notes due 2030 and $510 million aggregate principal amount of 9.500% senior notes due 2031. The proceeds from the offering will be used to fund in part the acquisition of Howden from affiliates of KPS Capital Partners, LP.

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the energy and industrial gas markets. Chart is at the forefront of the clean energy transition, and is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture among other applications.

The Davis Polk capital markets team included partner Derek Dostal and associate David Li. The finance team included partner James A. Florack, counsel Phoebe Jin and associates Aaron Shubert and Kendra L. Sandidge. Partner Kara L. Mungovan provided tax advice. All members of the Davis Polk deal team are based in the New York office.