debt
confidence high
sentiment neutral
materiality 0.50
Crown Holdings issues €600M 4.500% senior notes due 2030 to refinance 2.625% notes due Sep 2024
CROWN HOLDINGS, INC.
- €600M aggregate principal of senior unsecured notes due Jan 15, 2030; interest 4.500% paid semi-annually.
- Notes issued by Crown European Holdings S.A.; guaranteed by Crown Holdings and certain subsidiaries.
- Proceeds to repay Issuer's outstanding 2.625% senior notes maturing September 2024.
- Issuer may redeem notes at make-whole premium prior to Oct 15, 2029; at par thereafter.
- Change-of-control repurchase event triggers offer to repurchase at 101% of principal plus accrued interest.