Crane NXT amends credit agreement to fund De La Rue Authentication acquisition
On December 9, 2024, Crane NXT entered a Second Amendment to its credit agreement with JPMorgan Chase Bank, N.A., as administrative agent. The amendment adds $200 million of incremental revolving commitments and £300 million of delayed draw term loan commitments, which will fund, together with cash on hand, the previously announced acquisition of De La Rue plc's authentication division. For shareholders, the filing adds borrowing capacity tied to that pending acquisition, which is subject to closing conditions.
Key points
- Incremental revolving commitments of $200 million; aggregate revolving commitments total $700 million as of December 9, 2024.
- Delayed draw term loan commitments of £300 million, available to fund the De La Rue Authentication Solutions acquisition with cash on hand.
- Loans are subject to customary closing conditions, including closing of the acquisition; agreement filed as Exhibit 10.1 with some schedules omitted.
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 11, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.