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.
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