Carpenter Technology Announces $700M Senior Notes Offering

Details

The net proceeds, together with cash on hand, will be used to redeem existing senior notes and for general corporate purposes. The notes have not been registered under the Securities Act of 1933 and are not eligible for sale in the U.S. without registration or an exemption. The announcement is made pursuant to Regulation FD and the press release is furnished as Exhibit 99.1.

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About Carpenter Technology Corporation

Carpenter Technology Corporation specializes in the development, manufacturing, and distribution of high-performance specialty alloys, including stainless steels, long-wear alloys, and titanium base alloys. These materials are primarily designed for applications requiring high strength, corrosion resistance, and reliability, serving key industries such as aerospace, defense, medical, transportation, and energy. Carpenter Technology's advanced materials are essential for manufacturing critical components in aircraft engines, surgical instruments, oil and gas extraction tools, and automotive systems, among others. The company's contribution to these sectors underscores its vital role in supporting technological advancements and infrastructure development. Headquartered in Philadelphia, Pennsylvania, Carpenter Technology operates production facilities and R&D centers globally, facilitating innovation and maintaining a robust supply chain network. Its technical expertise and commitment to quality make it a trusted provider in the specialty alloys market, fostering partnerships to drive forward engineering solutions that meet evolving industry demands.