debt
confidence high
sentiment neutral
materiality 0.55
CROWN HOLDINGS, INC. (CCK): debt financing — Crown Holdings subsidiary issues €500M 4.750% notes due 2029
CROWN HOLDINGS, INC.
- Issuer: Crown European Holdings S.A., wholly-owned subsidiary of Crown Holdings.
- €500M aggregate principal, 4.750% interest, matures March 15, 2029.
- Net proceeds to partially repay Term Loan A Facility and Term Euro Facility.
- Notes are senior unsecured, guaranteed by Crown Holdings and certain subsidiaries.
- Issuer may redeem at 100% plus accrued interest and make-whole premium prior to Dec 15, 2028.