debt
confidence high
sentiment neutral
materiality 0.55
Crown Holdings completes $500M 5.250% senior notes due 2030
CROWN HOLDINGS, INC.
- Issued $500M aggregate principal of 5.250% senior unsecured notes due April 1, 2030.
- Interest payable semi-annually beginning October 1, 2022; net proceeds for general corporate purposes.
- Notes issued by Crown Americas LLC, guaranteed by Crown Holdings and certain US subsidiaries.
- Issuer may redeem before Jan 1, 2030 at 100% plus make-whole premium; thereafter at 100%.
- Registration rights agreement requires exchange offer or shelf registration within 360 days.