Chart Industries Announces Credit Rating Upgrade from S&P Global Ratings
11 März 2024 - 1:55PM
Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global
solutions provider to clean energy and industrial gas markets,
announces that S&P Global Ratings (“S&P”) has upgraded
Chart’s issuer credit rating to ‘BB-’ from ‘B+’ with a stable
outlook. S&P also raised the issue-level rating on Chart’s
senior secured term loan and secured notes to ‘BB-’ from ‘B+’ and
the rating on the unsecured noted to ‘B+’ from ‘B’. These ratings
upgrades were driven by Chart’s execution against targets for the
first year following the Howden acquisition, early achievement of
associated cost and commercial synergies, increasing EBITDA, free
cash flow, and debt reduction as well as secular market tailwinds
for demand.
About Chart Industries, Inc.
Chart Industries, Inc. is an independent global
leader in the design, engineering, and manufacturing of process
technologies and equipment for gas and liquid molecule handling for
the Nexus of Clean™ - clean power, clean water, clean food, and
clean industrials, regardless of molecule. The company’s unique
product and solution portfolio across stationary and rotating
equipment is used in every phase of the liquid gas supply chain,
including engineering, service and repair and from installation to
preventive maintenance and digital monitoring. Chart is a leading
provider of technology, equipment and services related to liquefied
natural gas, hydrogen, biogas and CO2 capture amongst other
applications. Chart is committed to excellence in environmental,
social and corporate governance issues both for its company as well
as its customers. With 64 global manufacturing locations and over
50 service centers from the United States to Asia, Australia,
India, Europe and South America, the company maintains
accountability and transparency to its team members, suppliers,
customers and communities. To learn more, visit
www.chartindustries.com.
Investor Contact:John WalshVP, Investor
Relations770-721-8899john.walsh@chartindustries.com
Chart Industries (NYSE:GTLS)
Historical Stock Chart
Von Jan 2025 bis Feb 2025
Chart Industries (NYSE:GTLS)
Historical Stock Chart
Von Feb 2024 bis Feb 2025