secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001193125-25-225160
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/0001193125-25-225160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000119312525225160/d41668d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-225160

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