debt
confidence high
sentiment neutral
materiality 0.60
Crown Holdings subsidiary issues €500M 3.750% senior notes due 2031; redeems €500M 2.875% notes
CROWN HOLDINGS, INC.
- Issuer Crown European Holdings S.A. sells €500M 3.750% senior notes due Sept 30, 2031.
- Interest payable semi-annually; first payment on March 30, 2026.
- Notes are senior unsecured and guaranteed by Crown Holdings and certain subsidiaries.
- Proceeds plus cash on hand will redeem all €500M outstanding 2.875% Senior Notes due 2026 on Oct 22, 2025.
- Redemption price at 100% of principal plus accrued interest; conditional on completion of the new notes issuance.