secwatch.observer — SEC 8-K summary
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Issuer:     CARPENTER TECHNOLOGY CORP (CRS)
CIK:        0000017843
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001104659-25-114628
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carpenter Technology closes $700M 5.625% notes due 2034 and upsizes credit facility to $500M unsecured
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/0001104659-25-114628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17843/000110465925114628/tm2531768d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-114628

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