Carpenter Technology Completes $700 Million Senior Notes Offering

The latest announcement is out from Carpenter Technology ( (CRS) ).

On November 20, 2025, Carpenter Technology Corporation completed a $700 million private offering of 5.625% senior notes due 2034, intending to use the proceeds to redeem its 6.375% and 7.625% senior notes due 2028 and 2030, respectively. Additionally, the company amended its credit agreement, increasing its revolving commitments to $500 million and extending the maturity date to 2030, which could enhance its financial flexibility and operational capacity.

The most recent analyst rating on (CRS) stock is a Buy with a $380.00 price target. To see the full list of analyst forecasts on Carpenter Technology stock, see the CRS Stock Forecast page.

Spark’s Take on CRS Stock

According to Spark, TipRanks’ AI Analyst, CRS is a Outperform.

Carpenter Technology’s overall stock score is driven by strong financial performance and a positive earnings call, indicating robust demand and effective pricing strategies. However, the high valuation and overbought technical indicators suggest caution. The stock’s strong position in the Aerospace and Defense markets supports a positive outlook, but attention to valuation and market conditions is advised.

To see Spark’s full report on CRS stock, click here.

More about Carpenter Technology

Carpenter Technology Corporation is a leader in high-performance specialty alloy materials and process solutions, catering to critical applications in aerospace, defense, medical, and other markets. The company specializes in premium specialty alloys such as nickel, cobalt, and titanium.

Average Trading Volume: 913,563

Technical Sentiment Signal: Buy

Current Market Cap: $16.15B

For detailed information about CRS stock, go to TipRanks’ Stock Analysis page.