Item 1.01 | Entry into a Material Definitive Agreement |
On April 8, 2024, Chart Industries, Inc. (the “Company”) entered into an amendment (“Amendment No. 6”), 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 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. 6 increases the total available revolving credit commitment from $1 billion to $1.25 billion and extends the maturity date of the revolving credit facility from October 18, 2026, to April 6, 2029. Amendment No. 6 is a “Refinancing Amendment” permitted under the terms of the Credit Agreement. Except as amended by Amendment No. 6, the remaining terms of the Credit Agreement remain in full force and effect.
The foregoing description of Amendment No. 6 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. 6 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.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item 1.01 above is hereby incorporated by reference into this Item 2.03.