Carpenter Technology Corporation Announces Pricing of $700.0 Million Private Offering of 5.625% Senior Notes Due 2034

Core Viewpoint - Carpenter Technology Corporation has announced a private offering of $700 million in senior notes with a 5.625% interest rate, maturing in 2034, to refinance existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The company priced an offering of $700 million aggregate principal amount of 5.625% senior notes due 2034 at par [1]. - The offering is expected to close on November 20, 2025, subject to customary closing conditions [1]. - 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: Use of Proceeds - The net proceeds from the offering will be used to redeem the company's 6.375% senior notes due 2028 and 7.625% senior notes due 2030, including any accrued interest and premium [2]. - Additional proceeds may be allocated for general corporate purposes, which could include repayment or repurchase of other outstanding indebtedness [2]. Group 3: Company Background - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials and process solutions for critical applications in various sectors, including aerospace, defense, and medical [5]. - The company has a long history, founded in 1889, and specializes in premium specialty alloys such as nickel, cobalt, and titanium [5].