debt
confidence high
sentiment neutral
materiality 0.55
Crown Holdings issues $700M 5.875% senior notes due 2033 to refinance 2026 notes
CROWN HOLDINGS, INC.
- $700M aggregate principal amount of 5.875% senior unsecured notes due June 1, 2033.
- Crown Americas LLC issued the notes; proceeds used to repay 4.750% notes due 2026 and related fees.
- Interest payable semi-annually on June 1 and Dec 1, starting Dec 1, 2025.
- Notes callable at make-whole prior to June 1, 2028; thereafter at applicable redemption prices.
- Unconditionally guaranteed by Crown Holdings and certain U.S. subsidiaries.
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