Crown Holdings Inc. has announced a conditional plan to redeem its outstanding 4.750% Senior Notes due 2026, with a total principal amount of $875 million. The redemption is scheduled for June 15, 2025, at a price equal to 100% of the principal amount, plus any accrued and unpaid interest. This move is contingent upon Crown Americas LLC issuing $700 million in 5.875% Senior Notes due 2033. If the condition is not met, the redemption will not proceed as planned.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.