{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-221338","form_type":"8-K","ticker":"CXT","cik":"0000025445","company_name":"Crane NXT, Co.","filed_at":"2022-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.717655+00:00","generated_at":"2026-06-24T00:07:02.744683+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Crane divests asbestos liabilities to Spruce Lake; records $170M after-tax loss","bullets":["Sold Redco subsidiary holding all asbestos liabilities and about $550M cash to Spruce Lake on Aug 12, 2022.","One-time after-tax loss of ~$170M in Q3 2022, excluded from adjusted EPS; asbestos obligations removed from balance sheet.","Entered $400M 364-day credit facility on Aug 11, 2022, with interest based on base rate or Term SOFR plus margins.","Buyer contributed $83M to Redco; Crane financed its contribution via short-term debt and cash.","Transaction expected to increase annual free cash flow by eliminating asbestos-related defense and indemnity payments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-221338","json":"https://secwatch.observer/filing/0001193125-22-221338.json","markdown":"https://secwatch.observer/filing/0001193125-22-221338.md","text":"https://secwatch.observer/filing/0001193125-22-221338.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25445/000119312522221338/0001193125-22-221338-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25445/000119312522221338/d277074d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T00:07:02.744683+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}