CROWN HOLDINGS, INC. (CCK): debt financing — Crown Holdings subsidiary issues €500M 5% senior notes due 2028

CROWN HOLDINGS, INC.

Issuer Crown European Holdings S.A. issued €500M 5.000% senior notes due May 15, 2028.
Notes are senior unsecured; guaranteed by Crown Holdings and certain subsidiaries in the US, Canada, UK, France, Germany, Luxembourg, Mexico, Netherlands, Switzerland.
Proceeds for general corporate purposes including temporary repayment of existing revolving credit facility.
Notes sold in private placement to QIBs and non-U.S. persons; not registered under Securities Act.
Redemption: make-whole prior to April 15, 2028; thereafter at par; change of control repurchase at 101% of principal.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CROWN HOLDINGS, INC. incurred senior notes of €500,000,000 with initial purchasers (BNP Paribas as representative) at 5.000% per year maturing May 15, 2028.

Instrument: senior notes
Principal: €500,000,000
Counterparty: initial purchasers (BNP Paribas as representative)
Rate: 5.000% per year
Maturity: May 15, 2028
Event: incurrence

Exact text from the filing

On May 9, 2023, Crown Holdings, Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Crown European Holdings S.A. (the “ Issuer ”), a subsidiary of the Company, agreed to issue and sell to several initial purchasers, for whom BNP Paribas is acting as representative, €500,000,000 in aggregate principal amount of senior unsecured notes due 2028 (the “ Notes ”). The Notes will mature on May 15, 2028 and will accrue interest at a rate of 5.000% per year.

View on SEC.gov

Browse all debt financings →

CROWN HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-142091

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.