Crown Holdings subsidiary issues €600M 4.500% senior notes due 2030

CROWN HOLDINGS, INC.

Crown European Holdings S.A., wholly-owned subsidiary, issued €600M of 4.500% senior notes due 2030.
Net proceeds, together with cash on hand, will repay 2.625% notes maturing September 2024 and fees.
Notes are senior unsecured, guaranteed by Crown Holdings and certain subsidiaries; callable with make-whole prior to Oct 15, 2029.
Change of control triggers repurchase at 101% of par plus accrued interest.
Indenture includes customary covenants on liens, sale-leaseback, and mergers.

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