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Crane NXT to use revolver borrowings for OpSec Security purchase
By Sara Rosenberg
New York, March 11 – Crane NXT Co. plans to use revolving credit facility borrowings and cash on hand to fund its $270 million acquisition of OpSec Security from Investcorp Technology Partners, according to a company presentation.
Closing is expected in the second quarter, subject to customary conditions.
Crane NXT is an industrial technology company. OpSec is a provider of brand protection and authentication solutions.
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