debt
confidence high
sentiment neutral
materiality 0.60
Crown Holdings to redeem $875M 4.75% notes due 2026, conditional on $700M 5.875% notes
CROWN HOLDINGS, INC.
- Crown Americas LLC issued conditional notice to redeem all $875M outstanding 4.75% Senior Notes due 2026.
- Redemption date is June 15, 2025 at 100% of principal plus accrued interest from Feb 1, 2025.
- Redemption conditioned on issuance of $700M 5.875% Senior Notes due 2033 by Crown Americas LLC.
- If condition not met, Crown Americas LLC is not obligated to redeem the 2026 Notes.