...June 27, 2023 ENGLEWOOD (S&P Global Ratings) June 27, 2023--S&P Global Ratings today said that Chart Industries Inc.'s (B+/Stable/--) leverage will remain elevated following the company's announced plan to raise an additional $250 million term loan B due 2030 and use the proceeds for general corporate purposes, including to repay existing debt. Our 'B+' issuer credit rating and stable outlook, as well as our 'B+' issue-level rating on the secured debt and 'B' issue-level rating on the senior unsecured notes, are unchanged. The stable outlook on Chart, a global manufacturer of highly engineered equipment servicing the industrial gas and clean energy industries, reflects our expectation that the recently combined business will continue to benefit from secular growth trends in its core end markets. This will lead to significant revenue growth, improving profitability, and positive free operating cash flow. Still, we believe Chart's trailing-12-month leverage is very high following its acquisition...
