Crane Holdings Co. CR said late Monday the financing part of its goal to split into two publicly traded companies has been secured. The credit agreements will provide an aggregate principal amount of $1.65 billion in new syndicated revolving credit and loan facilities for Crane Co. and the Crane Holdings Co., which will be renamed Crane NXT Co. The split is expected to be completed in early April.
CR said late Monday the financing part of its goal to split into two publicly traded companies has been secured. The credit agreements will provide an aggregate principal amount of $1.65 billion in new syndicated revolving credit and loan facilities for Crane Co. and the Crane Holdings Co., which will be renamed Crane NXT Co. The split is expected to be completed in early April.