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Chart Industries Inc | 6.75% Series B Mandatory Convertible Preferred Stock (GTLS.PRB)
Prospectus excerpt: We are offering 7,000,000 depositary shares (“Depositary Shares”), each of which represents a 1/20th interest in a share of our 6.75% Series B Mandatory Convertible Preferred Stock, par value $0.01 per share (“Mandatory Convertible Preferred Stock”). The shares of Mandatory Convertible Preferred Stock will be deposited with Computershare Trust Company, N.A., as bank depositary, pursuant to a deposit agreement. Holders of the Depositary Shares will be entitled to a proportional fractional interest in the rights and preferences of the Mandatory Convertible Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement. Full Prospectus PDF », Secondary Prospectus PDF », GTLS Page »
| Series: | B | | Alternate symbology: | GTLS-B, GTLS-PB, GTLSprB | | Redeemable?: | Yes | | Maturity Date: | 12/15/2025 | | Cumulative?: | Yes | | Conversion Ratio: | 0.3526 - 0.4231 | | Conversion Price: | $141.81 - $118.18 | | Shares Offered: | 7,000,000 | | Overallotment: | 1,050,000 | | Liquidation Preference: | $50.00 | | Recent Market Price: | $60.04 | Premium to Liquidation Preference:
(More Preferreds Trading at a Premium ») | $10.04 (20.08%) | | Annualized Dividend: | 3.375 | | Recent Ex-Date: | 5/31/2024 | | Current Yield: | 5.62% | | Original Coupon: | 6.75% | | Pay Period: | Quarterly | | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | | CDx3 Compliance Rating: |
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Chart Industries manufactures cryogenic equipment servicing multiple market applications in the industrial gas and clean energy industries. Co.'s segments are: Cryo Tank Solutions, which designs and manufactures cryogenic solutions for the storage and delivery of cryogenic liquids; Heat Transfer Systems, which facilitates main natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production or processing of their products; Specialty Products, which supplies equipment used in specialty end-market applications; and Repair Service and Leasing, which provides installation, service, repair, maintenance, and refurbishment of its products. Preferred: GTLS.PRB
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