Crown Holdings Prices $200M Notes
Crown Holdings, Inc. (NYSE: CCK) announced that it has priced a private placement of $200 million principal amount of 4.5% senior unsecured notes due 2023. The Notes were priced at 100% of the principal amount and will be issued by Crown Americas LLC and Crown Americas Capital Corp. IV, each a subsidiary of the Company, and will be unconditionally guaranteed by the Company and substantially all of its U.S. subsidiaries.
The Company intends to use the net proceeds of the offering, together with cash on hand, to repay $200 million of indebtedness outstanding under the Company's senior secured term loan facilities.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its affiliated companies, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.