Crown Holdings, Inc. CCK
announced today that it has priced a private placement of $200 million
principal amount of 4.5% senior unsecured notes due 2023 (the "Notes"). The
Notes were priced at 100% of the principal amount and will be issued by Crown
Americas LLC and Crown Americas Capital Corp. IV, each a subsidiary of the
Company, and will be unconditionally guaranteed by the Company and
substantially all of its U.S. subsidiaries.
The Company intends to use the net proceeds of the offering, together with
cash on hand, to repay $200 million of indebtedness outstanding under the
Company's senior secured term loan facilities.
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