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Chart Industries prices initial public offering of common stock

Chart Industries has priced its initial public offering of 12,500,000 shares of common stock at $15.00 per share.

All of the shares are being offered by Chart Industries, Inc. The common stock will begin trading tomorrow on the Nasdaq National Market under the symbol ˜GTLS.

Chart will use approximately $25m of the net proceeds to repay a portion of the term loan under its senior secured credit facility.

According to the company the remaining of the net proceeds (approximately $150.3m) will be used to pay a dividend to its stockholders existing immediately prior to the offering, consisting of affiliates of First Reserve and certain members of its management.

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