secwatch.observer — SEC 8-K summary
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Issuer:     CROWN HOLDINGS, INC. (CCK)
CIK:        0001219601
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001193125-26-119866
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Holdings enters $2.825B credit facility; maturity extended to 2031
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- New facilities: $800M Dollar Revolver, $800M Multicurrency Revolver, $50M Canadian Revolver, $1,175M Term Loan A, €499.5M Term Euro.
- Five-year term ending March 17, 2031; interest at SOFR + 1.25% at closing, adjusted ±0.25% based on leverage ratio.
- Proceeds used to refinance prior credit agreement, pay transaction costs, and for general corporate purposes.
- Credit secured by equity interests of U.S. and certain non-U.S. subsidiaries; guaranteed by parent guarantors including Crown Holdings.
- Includes financial covenant (maximum leverage ratio), mandatory prepayment provisions, and customary affirmative/negative covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1219601/000119312526119866/0001193125-26-119866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1219601/000119312526119866/d71735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-119866

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