Crown Holdings Inc. Prices $700 Million Senior Unsecured Notes Offering Due 2033

Reuters
2025/05/13
Crown Holdings Inc. Prices $700 Million Senior Unsecured Notes Offering Due 2033

Crown Holdings, Inc. has announced the pricing of a debt offering amounting to $700 million in senior unsecured notes with an interest rate of 5.875%, due in 2033. These notes are issued at par by its subsidiary, Crown Americas LLC, and will be unconditionally guaranteed by Crown and certain subsidiaries. The company plans to use the net proceeds from this offering, alongside cash on hand and borrowings from its senior secured revolving credit facility, to repay existing 4.750% senior notes due in 2026 and cover related fees and expenses. The notes are set for private placement resale to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes have not been registered under the Securities Act and are not available for offer or sale in the United States without registration or an applicable exemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crown Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH86110) on May 12, 2025, and is solely responsible for the information contained therein.

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