Crane Company increases revolving credit facility by $300M to $800M

Crane Co

Entered into incremental facility agreement adding $300M in revolving commitments on October 3, 2023.
Total revolving commitments rise from $500M to $800M.
Lenders include JPMorgan, Bank of America, Goldman Sachs, TD, Wells Fargo, and others.
Amendment refreshes incremental capacity under the existing credit agreement.
Company reaffirms guarantee obligations under the amended credit agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crane Co amended incremental facility and amendment agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $800,000,000 (effective 2023-10-03).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $800,000,000
Effective: 2023-10-03

Exact text from the filing

On October 3, 2023 (the “First Amendment Effective Date”), Crane Company (the “Company”), a Delaware corporation, entered into that certain incremental facility and amendment agreement (the “Amendment”), among the Company, as borrower, CR Holdings, C.V., a wholly-owned subsidiary of the Company, as a subsidiary borrower, the subsidiaries of the Company party thereto as guarantor, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001193125-23-253539

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