CROWN HOLDINGS, INC. (CCK): debt financing — Crown Holdings unit issues €500M 4.750% senior notes due 2029 to repay debt

CROWN HOLDINGS, INC.

€500M aggregate principal amount 4.750% senior notes due 2029 issued by Crown European Holdings S.A.
Notes mature March 15, 2029; interest payable semi-annually March 15 and September 15 beginning March 15, 2024.
Senior unsecured obligations guaranteed by Crown Holdings and certain subsidiaries.
Proceeds to partially pay down term loan facilities and for general corporate purposes.
Notes sold in private placement under Rule 144A and Regulation S; not registered under Securities Act.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

CROWN HOLDINGS, INC. incurred senior notes of €500,000,000 with BNP Paribas at 4.750% per year maturing March 15, 2029.

Instrument: senior notes
Principal: €500,000,000
Counterparty: BNP Paribas
Rate: 4.750% per year
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

On November 30, 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 2029 (the “ Notes ”). The Notes will mature on March 15, 2029 and will accrue interest at a rate of 4.750% per year.

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Source: SEC EDGAR

accession 0001193125-23-288510

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