{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-114628","form_type":"8-K","ticker":"CRS","cik":"0000017843","company_name":"CARPENTER TECHNOLOGY CORP","filed_at":"2025-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.445724+00:00","generated_at":"2026-05-16T18:08:23.418293+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Carpenter Technology closes $700M 5.625% notes due 2034 and upsizes credit facility to $500M unsecured","bullets":["Issued $700M aggregate principal of 5.625% senior notes due March 1, 2034.","Net proceeds plus cash on hand to redeem 6.375% notes due 2028 and 7.625% notes due 2030.","Credit facility increased from $350M secured to $500M unsecured, accordion up to $650M, maturity extended to 2030.","Interest payable semiannually March 1 and Sept 1 starting March 1, 2026; callable with make-whole or at 105.625% from equity proceeds.","Covenants limit additional secured debt, sale-leasebacks, and asset sales; change-of-control put at 101%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-114628","json":"https://secwatch.observer/filing/0001104659-25-114628.json","markdown":"https://secwatch.observer/filing/0001104659-25-114628.md","text":"https://secwatch.observer/filing/0001104659-25-114628.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/0001104659-25-114628-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/tm2531768d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:08:23.418293+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3449b9de284e38d581e8d4b46e83bb41db6d053e","claim":"CARPENTER TECHNOLOGY CORP incurred senior notes of $700.0 million with U.S. Bank Trust Company, National Association, as trustee at 5.625% maturing March 1, 2034.","evidence_excerpt":"On November 20, 2025, Carpenter Technology Corporation (the “Company”) completed its previously announced offer and sale of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/0001104659-25-114628-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$700.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"5.625%"},{"label":"Maturity","value":"March 1, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d92aacec36faf8e4d37b8ec4507d29a79ad1b83c","claim":"CARPENTER TECHNOLOGY CORP amended credit facility of $500 million with Bank of America, N.A., as administrative agent maturing the fifth anniversary of the closing of the Amendment.","evidence_excerpt":"On November 20, 2025, the Company, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer and the other lenders, agents and arrangers party to the Second Amended and Restated Credit Agreement (the “Credit Facility”), entered into an amendment and restatement of the Credit Facility (the “Amendment”). The Amendment (i) increases the revolving commitments under the Credit Facility from $350 million of secured commitments to $500 million of unsecured commitments, (ii) increases the uncommitted accordion feature under the Credit Facility allowing for an increase to the revolving commitments and/or the establishment of new term loans by an aggregate amount not to exceed $650 million, (iii) extends the maturity date of the Credit Facility to the fifth anniversary of the closing of the Amendment, and (iv) modifies certain other terms and covenants of the Credit Facility, including interest rates and financial covenant levels.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/0001104659-25-114628-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Maturity","value":"the fifth anniversary of the closing of the Amendment"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}