Crown Holdings Intends To Offer $500M Senior Unsecured Notes Due 2033

+1.17%

Crown Holdings, Inc.

CCK

103.74

+1.17%

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.

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.

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