secwatch / observer
8-K filed April 18, 2023, 7:59 PM ET ticker CRS CIK 0000017843
debt confidence high sentiment neutral materiality 0.50

Carpenter Technology closes $350M revolving credit facility, extends maturity to 2028

CARPENTER TECHNOLOGY CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CARPENTER TECHNOLOGY CORP entered into Second Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders party thereto valued at Revolving credit facility with $350 million initial commitment, expandable to the greater of $300 mi (effective 2023-04-14).

Action
entry
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent, and the other lenders party thereto
Value
Revolving credit facility with $350 million initial commitment, expandable to the greater of $300 mi
Effective
2023-04-14
Exact text from the filing
On April 14, 2023, Carpenter Technology Corporation (the “Company”) entered into a secured revolving credit facility (the “Credit Facility”) by amending and restating the Company’s existing Amended and Restated Credit Agreement dated as of March 26, 2021 by and among the Company, the financial institutions party thereto, as lenders, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other agents and arrangers party thereto, which had been set to expire on March 31, 2024 (the “Existing Credit Agreement”). The Second Amended and Restated Credit Agreement is entered into by and among the Company, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other lenders party thereto (collectively, the “Lenders”), JPMorgan Chase Bank, N.A., as syndication agent, PNC Bank, National Association and U.S. Bank, National Association, each, as a documentation agent, and BofA Securities, Inc. and JPMorg
View on SEC.gov

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CARPENTER TECHNOLOGY CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-046705
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