Carpenter Technology Issues $100 Million Medium Term Notes.Business Editors/Mining & Metal Writers WYOMISSING, Pa.--(BUSINESS WIRE)--Aug. 13, 2001 Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. (NYSE NYSE See: New York Stock Exchange :CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) announced today that it issued $100 million of 10-year senior unsecured notes with a coupon of 7.625%. Proceeds from the sale of the notes were used to reduce the outstanding principal amount under the company's revolving credit facilities. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Corporation and J.P. Morgan Securities Inc. were joint underwriters for the note issue. Carpenter produces and distributes specialty materials, including stainless steels, titanium alloys, superalloys and various engineered products. Information about Carpenter can be found on the Internet at www.cartech.com, with selected products sold online at www.carpenterdirect.com. |
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