Convertibles Calendar: Chefs’ Warehouse, Chart Industries on tap

Dec. 8

CHART INDUSTRIES INC.:

• $300 million $50-par depositary shares representing a 1/20th interest in $1,000 par three-year series B mandatory convertible preferred stock

• $45 million greenshoe

• Dividend of 6.75% to 7.25% and initial conversion premium of 17.5% to 22.5%

• Registered

• Morgan Stanley & Co. LLC (lead left), BofA Securities Inc. and J.P. Morgan Securities LLC

• To fund, in part, the acquisition of Howden, a provider of mission critical air and gas handling products, from affiliates of KPS Capital Partners LP by reducing the amount of preferred shares issued to Granite Holdings I BV

• Ball Ground, Ga.-based manufacturer of highly engineered equipment used in the energy and industrial gas markets

CHEFS’ WAREHOUSE INC.:

• $250 million six-year convertible notes

• $25 million greenshoe

• Coupon of 2.125% to 2.625% and initial conversion premium of 27.5% to 32.5%

• Non-callable for three years, then subject to a 130% hurdle

• Rule 144A

• Jefferies LLC and BMO Capital Markets Corp.

• Pay the cash portion of privately negotiated exchanges for a portion of the outstanding 1.875% convertible notes due 2024 and for general corporate purposes

• Ridgefield, Conn.-based distributor of specialty food products

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.