Crane Company Secures New $900 Million Credit Agreement with JPMorgan and Lenders to Fund Acquisition and Operations
**Crane Company Secures $1.8 Billion Credit Facilities to Support Acquisition** Stamford, CT - September 30, 2025 - Crane Company announced that it has entered into a new credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of lenders. The agreement provides Crane with a $900 million senior unsecured delayed draw term loan facility and a $900 million senior unsecured revolving credit facility, both maturing on September 30, 2030. The new credit facilities are intended to help fund Crane's previously announced acquisition of Precision Sensors & Instrumentation and support general corporate purposes. With the signing of the new agreement, Crane terminated its prior credit agreement dated March 17, 2023, and repaid all outstanding obligations under that facility. The new credit agreement includes customary covenants and financial maintenance requirements, including a consolidated total net leverage ratio not exceeding 3.75 to 1.00, with a potential temporary increase in connection with permitted acquisitions. For further details, see Crane Company's filing with the U.S. Securities and Exchange Commission dated September 30, 2025.
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