Crane NXT to use revolver borrowings for OpSec Security purchase

By Sara Rosenberg

New York, March 11 – Crane NXT Co. plans to use revolving credit facility borrowings and cash on hand to fund its $270 million acquisition of OpSec Security from Investcorp Technology Partners, according to a company presentation.

Closing is expected in the second quarter, subject to customary conditions.

Crane NXT is an industrial technology company. OpSec is a provider of brand protection and authentication solutions.

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