debt
confidence high
sentiment positive
materiality 0.75
Crane NXT secures $200M revolver and £300M term loan to fund De La Rue authentication buy
Crane NXT, Co.
- Second Amendment increases revolving commitments by $200M to $700M total.
- Adds £300M delayed draw term loan for previously announced De La Rue Authentication Solutions acquisition.
- UK subsidiary CA-MC Acquisition UK Ltd added as borrower under amended credit agreement.
- Term loan funding conditioned on consummation of De La Rue deal and repayment of existing Tranche A term loans.
- Amendment effective December 9, 2024; JPMorgan Chase acts as administrative agent.