Crane NXT redeems $275M 4.450% Senior Notes due 2023 in full

Crane NXT, Co.

Redeemed all outstanding 4.450% Senior Notes due 2023 on April 4, 2023.
Used $275M dividend from subsidiary Crane Company plus cash on hand for redemption.
Redemption at 100% of principal amount plus accrued and unpaid interest.
Principal amount of notes estimated at $275M based on dividend size.

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

Crane NXT, Co. terminated 4.450% Senior Notes due 2023 with U.S. Bank Trust Company, National Association valued at Principal amount of the 2023 Notes redeemed in full (effective 2023-04-04).

Action: termination
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: Principal amount of the 2023 Notes redeemed in full
Effective: 2023-04-04

Exact text from the filing

On April 4, 2023, the 2023 Notes were redeemed in full by the Company using the proceeds of the Dividend, together with cash on hand, at a price equal to 100% of the principal amount of the 2023 Notes, plus accrued and unpaid interest thereon.

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Source: SEC EDGAR

accession 0001193125-23-090929

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