Carpenter Technology to repay $300 million 4.45% notes due 2023

By Rebecca Melvin

Concord, N.H., March 9 – Carpenter Technology Corp. plans to repay in full its $300 million principal amount of 4.45% senior notes due 2023 using proceeds of a new notes deal, according to a 424B2 filed with the Securities and Exchange Commission on Wednesday.

Certain of the underwriters and/or their affiliates may hold the existing debt securities and may receive a portion of the proceeds from the offering, the filing stated.

The company is offering $300 million of new senior notes due 2030 via J.P. Morgan Securities LLC, BofA Securities Inc. and Wells Fargo Securities LLC as bookrunners. PNC Capital Markets LLC, U.S. Bancorp Investments Inc. and KeyBanc Capital Markets Inc. are the co-managers.

Based in Wyomissing, Pa., Carpenter produces and distributes specialty alloys and various engineered products.

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