Carpenter Technology announces proposed $700M private offering of senior notes due 2034

* Carpenter Technology (CRS [https://seekingalpha.com/symbol/CRS]) on Monday announced its intention to offer $700 million aggregate principal amount of its senior notes due 2034 through a private offering.
* The company intends to use the net proceeds from the offering of the notes 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.
* CRS +1.9% premarket to $334.26.
* Source: Press Release [https://seekingalpha.com/pr/20300234-carpenter-technology-corporation-announces-proposed-700_0-million-private-offering-of-senior]

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