debt
confidence high
sentiment neutral
materiality 0.50
Crown Holdings amends credit facility, redeems €885M of 2023 notes
CROWN HOLDINGS, INC.
- New $1.8B Term Loan A, $800M Dollar Revolving, $800M Multicurrency Revolving, $50M Canadian Revolving, €540M Term Euro; maturity extended to August 2027.
- Notice of redemption for all €335M of 2.25% Senior Notes due 2023 and €550M of 0.75% Senior Notes due 2023 on September 9, 2022.
- Redemption price is 100% of principal plus accrued interest and a make-whole premium.
- Proceeds from new credit facilities will fund the note redemption.