debt
confidence high
sentiment neutral
materiality 0.55
Crown Holdings subsidiary issues €500M 3.750% notes due 2031 to refinance 2.875% notes due 2026
CROWN HOLDINGS, INC.
- Issuer Crown European Holdings S.A. issued €500M of 3.750% senior unsecured notes due Sept 30, 2031.
- Interest payable semi-annually beginning March 30, 2026; notes redeemable at 100% plus make-whole before June 30, 2031.
- Net proceeds with cash on hand to redeem outstanding 2.875% senior notes due Feb 2026 and pay related fees.
- Notes are guaranteed by Crown Holdings and certain subsidiaries; change-of-control repurchase at 101%.
- Indenture limits liens, sale-leaseback, and mergers; U.S. Bank Trust Company is trustee.