PHILADELPHIA, March 09, 2022 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) announced today that it has commenced an underwritten public offering of senior notes, subject to market and other conditions. The Company intends to use the net proceeds from the offering to repay in full its 4.450% senior notes due 2023.
J.P. Morgan Securities LLC is acting as the lead book-running manager for the offering.
This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale, nor is it an offer to purchase, or the solicitation of an offer to sell the Notes in any jurisdiction in which such offer, solicitation, or sale is unlawful. This press release is not an offer to sell or the solicitation of an offer to buy the notes nor is it an offer to purchase nor a solicitation of an offer to sell the 4.450% senior notes due 2023.
About Carpenter Technology
Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production.
