secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0000025445-24-000100
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane NXT secures $200M revolver and £300M term loan to fund De La Rue authentication buy
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000002544524000100/0000025445-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000002544524000100/cxt-20241209.htm
  HTML page:      https://secwatch.observer/filing/0000025445-24-000100

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