Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

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Crane Co > Wha’s down?

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Comment by gonatgasgoon Jun 16, 2022 11:05am

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Post# 34761318

RE:Wha’s down?

In a year from now, Crew will want to refinance the long term debt. It will likely only going to be $150M, but what rate are they going to get then? It is at 6.5% on that issue now.

I think the Line of Credit will be down to zero sometime in July.

Oldnagger wrote: Wha's up is interest rates, wha's down is Crew
At end of Q1 Crew had 85 million in outstanding bank loans. Since then Crew has had about 65 millioin in AFF and spent 8-12 million in Capex. So the bank loans should now be around 30 million and dropping fast . The notes have a fixed rate and are not due til 2024 !!
So why should we worry about interest rates ? Their current affect is neligible !!

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