ATLANTA, June 12, 2019 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (Nasdaq: GTLS) today announced the pricing of 3,500,000 shares of its common stock at a price of $73.50 per share in an underwritten registered public offering. In addition, Chart has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of Common Stock from Chart.

Chart estimates that the net proceeds of the Offering will be approximately $248.8 million (or approximately $286.3 if the underwriters' option to purchase additional shares of Common Stock is exercised in full), after deducting the underwriters' discounts and commissions and estimated offering expenses. Chart currently intends to use the net proceeds of the Offering to fund a portion of the purchase price of Chart’s previously announced pending acquisition of Harsco Corporation’s Industrial Air-X-Changers business (the “Acquisition”), to repay indebtedness and to pay related fees and expenses. Completion of the Offering is not contingent upon consummation of the Acquisition or the terms of the Acquisition.

About Chart Industries, Inc.

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple market applications in Energy and Industrial Gas. Our unique product portfolio is used throughout the liquid gas supply chain in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Chart has domestic operations located across the United States and an international presence in Asia, Australia, Europe and Latin America.