Carpenter Technology Launches $700M Senior Notes Offering at 5.625% Interest
Carpenter Technology Corporation has announced a significant debt offering. The company is set to issue $700.0 million of senior notes, carrying a 5.625% interest rate and maturing in 2034.
The offering is expected to close on November 20, 2025, pending customary closing conditions. The company plans to use the net proceeds to redeem its existing 6.375% senior notes due 2028 and 7.625% senior notes due 2030. Any remaining funds will be used for general corporate purposes.
Carpenter Technology, a leading provider of high-performance specialty alloy materials, serves critical applications in aerospace, defense, and medical markets. The company's forward-looking statements, including those related to this offering, are subject to risks and uncertainties that could affect actual results.
It is worth noting that the Notes issued in this offering have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
Carpenter Technology Corporation's debt offering of $700.0 million senior notes is expected to close later this month. The company aims to use the proceeds to redeem existing notes and for general corporate purposes. The offering is subject to market conditions and customary closing conditions.
