---
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"
generated_at: "2026-05-17T05:18:46.174445+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Crane enters $1.8B credit agreement to fund PSI acquisition; $900M term, $900M revolver

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-225160
- JSON: https://secwatch.observer/filing/0001193125-25-225160.json
- Plain text: https://secwatch.observer/filing/0001193125-25-225160.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $900 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: term SOFR rate plus a margin as described below
  - Maturity: September 30, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/0001193125-25-225160-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.