Carpenter Technology Corporation Announces Proposed $700.0 Million Private Offering of Senior Notes Due 2034

Core Viewpoint - Carpenter Technology Corporation plans to offer $700 million in senior notes due 2034 to qualified institutional buyers and certain persons outside the U.S. [1] Group 1: Offering Details - The company intends to use the net proceeds from the offering, along with cash on hand, to fully redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030, including any accrued interest [2] - The notes will not be registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [3] Group 2: Company Overview - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for critical applications in aerospace, defense, and medical markets [5] - The company has been a pioneer in premium specialty alloys, including nickel, cobalt, and titanium, since its founding in 1889 [5]