debt
confidence high
sentiment neutral
materiality 0.60
Crown Americas LLC issues $700M of 5.875% senior notes due 2033
CROWN HOLDINGS, INC.
- Crown Americas LLC issued $700M aggregate principal of 5.875% senior unsecured notes due June 1, 2033.
- Notes are senior obligations of Crown Americas, guaranteed by parent Crown Holdings and certain U.S. subsidiaries.
- Issuer may redeem notes at any time prior to June 1, 2028 at 100% plus make-whole premium; thereafter at applicable redemption prices.
- Upon change of control, the issuer must offer to repurchase notes at 101% of principal plus accrued interest.
- Offering made via private placement with exchange registration rights to swap for publicly tradeable notes.