Deal Snapshot
CHART INDUSTRIES TO ACQUIRE HARSCO´S AIR-X-CHANGERS BUSINESS FOR USD 592M
Wednesday 15 May 2019

Georgia, US-based cryogenic equipment manufacturer Chart Industries, Inc. (NASDAQ: GTLS) has agreed to acquire the Industrial Air-X-Changers business of Harsco Corp. (NYSE: HSC) for USD 592m in a cash transaction, the company said.
The transaction, which is expected to close in the summer of 2019, will be funded by Chart's available cash on hand, debt under its current credit facility and additional committed financing from its existing bank group, with JP Morgan as the lead bank.


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Details
Date Published: 15/05/2019
Target: Harsco/Industrial Air-X-Changers business
Country: USA
Deal Size: 592m (USD)
Sector: Machinery/Engineering
Type: LBO
Financing: Cash
Status: Agreed
Vendor: Harsco Corp
Buyer: Chart Industries
Buyer Advisor: Morgan Stanley , Winston and Strawn
Comment:


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