0001140361-18-004494.txt : 20180201 0001140361-18-004494.hdr.sgml : 20180201 20180201172636 ACCESSION NUMBER: 0001140361-18-004494 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180201 DATE AS OF CHANGE: 20180201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRANE CO /DE/ CENTRAL INDEX KEY: 0000025445 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 131952290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-222781 FILM NUMBER: 18567819 BUSINESS ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-363-7300 MAIL ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRANE CO /DE/ CENTRAL INDEX KEY: 0000025445 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 131952290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-363-7300 MAIL ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 FWP 1 s002035x3_fwp.htm FWP
Filed Pursuant to Rule 433
Registration Statement No. 333-222781
Pricing Term Sheet
 
Crane Co.
 
4.200% Senior Notes due 2048
 
Pricing Term Sheet
 
Issuer:
Crane Co.
Trade Date:
February 1, 2018
Settlement Date:
February 5, 2018 (T+2)
Ratings (Moody’s / S&P)*:
Baa2 / BBB
Principal Amount:
$350,000,000
Maturity:
March 15, 2048
Coupon (Interest Rate):
4.200%, accruing from February 5, 2018
Public Offering Price:
99.994% of the principal amount
Yield to Maturity:
4.200%
Spread to Benchmark Treasury:
+120 basis points
Benchmark Treasury:
2.750% due August 15, 2047
Benchmark Treasury Price / Yield:
95-04 / 3.000%
Interest Payment Dates:
March 15 and September 15, commencing September 15, 2018
Optional Redemption:
  
      Make-Whole Call:
Prior to September 15, 2047, Treasury Rate plus 20 basis points
      Par Call:
On or after September 15, 2047, at par
CUSIP / ISIN:
224399 AT2 / US224399AT28
   
Joint Book-Running Managers:
Wells Fargo Securities, LLC
J.P. Morgan Securities LLC
   
Co-Managers:
BMO Capital Markets Corp.
HSBC Securities (USA) Inc.
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
Commerz Markets LLC
RBS Securities Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (203) 363-7300 or by writing to the following address: Crane Co., 100 First Stamford Place, Stamford, CT 06902, Attention: Corporate Secretary, or by contacting Wells Fargo Securities, LLC toll-free at (800) 645-3751 or by emailing a request to wfscustomerservice@wellsfargo.com or by contacting J.P. Morgan Securities LLC collect at (212) 834-4533.