Business
CROWN HOLDINGS, INC. ANNOUNCES SENIOR NOTES OFFERING
Crown Holdings, Inc. (NYSE: CCK) announced today that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2033 issued by its subsidiary Crown Americas LLC, subject to market conditions.
About this update from Crown Holdings, Inc.
[{"type":"text","content":"TAMPA, Fla., May 12, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2033 issued by its subsidiary Crown Americas LLC, subject to market conditions.","length":265,"tagName":"p"},{"type":"text","content":"Crown intends to use the net proceeds from the offering, together with cash on hand and borrowings under Crown's senior secured revolving credit facility, to repay the 4.750% senior notes due 2026, and to pay related fees and expenses.","length":239,"tagName":"p"},{"type":"text","content":"The notes would be issued through a private placement and resold by initial purchasers to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and could not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in any jurisdiction in which such offer or sale would be unlawful.","length":654,"tagName":"p"},{"type":"text","content":"Cautionary Note Regarding Forward-Looking Statements","length":52,"tagName":"p"},{"type":"text","content":"Except for historical information, all other information in this press release consists of forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve a number of risks, uncertainties and other factors, including regarding the contemplated size of the note offering, expected completion of the note offering, the interest rate, maturity date and other terms of any notes that may be issued, the prospective impact of the note offering, and the anticipated use of proceeds from the offer, any of which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Other important factors that could cause the statements made in this press release or the actual results of operations or financial condition of Crown to differ include, without limitation, that the note offering is subject to a number of con...