Carpenter Technology Corporation Announces Proposed $700.0 Million Private Offering of Senior Notes Due 2034 (Form 8-K)

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

November 10, 2025

PHILADELPHIA, November 10, 2025 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the "Company") today announced its intention to offer, subject to market and other conditions, $700.0 million aggregate principal amount of its senior notes due 2034 (the "Notes") through a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the "Securities Act").

The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to redeem in full its 6.375% senior notes due 2028, including any accrued but unpaid interest due, repay in full its 7.625% senior notes due 2030, including any accrued but unpaid interest and premium due, and for general corporate purposes, which may include repayment or repurchase of certain other outstanding indebtedness.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act or the securities laws of any other jurisdiction.