{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-225160","form_type":"8-K","ticker":"CR","cik":"0001944013","company_name":"Crane Co","filed_at":"2025-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.663408+00:00","generated_at":"2026-05-17T05:18:46.174445+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Crane enters $1.8B credit agreement to fund PSI acquisition; $900M term, $900M revolver","bullets":["Entered $900M delayed draw term loan and $900M revolving credit facility, both due Sept 30, 2030.","Facilities will fund the previously announced Precision Sensors & Instrumentation acquisition.","Margins range from 1.50%-2.25% for term benchmark loans; commitment fee 0.20%-0.35%.","Existing March 2023 credit agreement terminated and all outstanding obligations repaid.","Financial covenants: max total net leverage 3.75x, min interest coverage 3.00x."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-225160","json":"https://secwatch.observer/filing/0001193125-25-225160.json","markdown":"https://secwatch.observer/filing/0001193125-25-225160.md","text":"https://secwatch.observer/filing/0001193125-25-225160.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/0001193125-25-225160-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/d41668d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:18:46.174445+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":"aee41247c0d2570b37840da73e945a74101e5cf7","claim":"Crane Co incurred credit facility of $900 million with JPMorgan Chase Bank, N.A. at term SOFR rate plus a margin as described below maturing September 30, 2030.","evidence_excerpt":"The Credit Agreement provides for a senior unsecured delayed draw term loan facility in an aggregate principal amount of $900 million (the \"Term Facility\"), which matures on September 30, 2030, and a senior unsecured revolving facility in an aggregate committed amount of $900 million (the \"Revolving Facility\"), which matures on September 30, 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/0001193125-25-225160-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$900 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"term SOFR rate plus a margin as described below"},{"label":"Maturity","value":"September 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}