CROWN HOLDINGS, INC. ANNOUNCES PRICING OF SENIOR NOTES
Crown Holdings (NYSE: CCK) has announced the pricing of €500 million senior unsecured notes due 2031 with a 3.750% interest rate, issued at par through its subsidiary Crown European Holdings S.A. The notes will be guaranteed by Crown and certain subsidiaries.
The company plans to use the proceeds, along with cash on hand, to redeem its outstanding 2.875% senior notes due February 2026. The offering will be conducted through a private placement to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Crown Holdings (NYSE: CCK) ha annunciato la definizione del prezzo di 500 milioni di euro di notes senior unsecured scadenza 2031 con un tasso di interesse del 3,750%, emesse al par a mezzo della controllata Crown European Holdings S.A. Le note saranno garantite da Crown e da alcune controllate.
La società intende utilizzare i proventi, insieme alla liquidità disponibile, per rimborsare i suoi attuali strumenti senior a 2,875% in scadenza nel febbraio 2026. L'offerta sarà realizzata tramite collocamento privato a investitori istituzionali qualificati ai sensi della Rule 144A e a soggetti non statunitensi ai sensi del Regulation S dello Securities Act.
Crown Holdings (NYSE: CCK) ha anunciado el precio de 500 millones de euros en bonos senior no garantizados con vencimiento en 2031 a una tasa de interés del 3,750%, emitidos al par a través de su filial Crown European Holdings S.A. Los bonos estarán garantizados por Crown y ciertas filiales.
La empresa planea utilizar los fondos, junto con la liquidez disponible, para recomprar sus notas senior existentes a 2,875% con vencimiento en febrero de 2026. La oferta se llevará a cabo mediante una colocación privada a compradores institucionales calificados conforme a la Regla 144A y a personas fuera de EE. UU. conforme al Reglamento S de la Ley de Valores.
Crown Holdings (NYSE: CCK)가 무담보 선순위 채권 5억 유로를 2031년 만기에 발행하는 가격을 발표했습니다. 이 채권의 이자율은 3.750%이며 Crown European Holdings S.A. 자회사를 통해 액면가로 발행됩니다. 이 채권은 Crown 및 특정 자회사에 의해 보증됩니다.
회사는 현금을 포함한 자금을 사용하여 2026년 2월 만기인 2.875%의 기존 선순위 채권을 상환할 계획입니다. 본 발행은 규정 Rule 144A에 따른 자격 있는 기관투자자와 Regulation S에 따른 비미국인에게 대한 비공개 배정을 통해 이루어질 예정입니다.
Crown Holdings (NYSE: CCK) a annoncé le prix de 500 millions d'euros d'obligations seniors non garanties arrivant à échéance en 2031 avec un taux d'intérêt de 3,750%, émises au pair par l'intermédiaire de sa filiale Crown European Holdings S.A. Les obligations seront garanties par Crown et certaines filiales.
La société prévoit d'utiliser les produits, conjugués à la liquidité disponible, pour racheter ses obligations seniors sortantes à 2,875% arrivant en février 2026. L'opération se fera par placement privé auprès d'acheteurs institutionnels qualifiés conformément à la Rule 144A et de personnes non résidents aux États-Unis conformément au Regulation S du Securities Act.
Crown Holdings (NYSE: CCK) hat die Preisfestsetzung für 500 Millionen Euro Senior-Unsecured Notes mit Fälligkeit 2031 bekannt gegeben, bei einem Zinssatz von 3,750%, emittiert zum Nominalwert über Crown European Holdings S.A. Die Anleihen werden von Crown und bestimmten Tochtergesellschaften garantiert.
Das Unternehmen plant, die Erlöse, zusammen mit den vorhandenen Mitteln, zu verwenden, um seine ausstehenden Senior Notes zu 2,875% mit Fälligkeit Februar 2026 zu kündigen. Das Angebot erfolgt durch einen Private Placement an qualifizierte institutionelle Käufer gemäß Rule 144A und an Nicht-US-Personen gemäß Regulation S des Securities Act.
Crown Holdings (NYSE: CCK) أعلنت عن تسعير سندات من المستوى الأول غير مضمونة بقيمة 500 مليون يورو تستحق في 2031 بمعدل فائدة 3.750%، الصادرة عند القيمة الاسمية من خلال شركتها الفرعية Crown European Holdings S.A. وستكون مضمونة من قبل Crown وبعض الشركات التابعة.
تخطط الشركة لاستخدام العوائد إلى جانب النقد المتاح لديها لـ إعادة شراء سنداتها من المستوى الأول الحالية بفائدة 2.875% والمستحقة في فبراير 2026. ستجري العملية من خلال طرح خاص للمشترين المؤسسيين المؤهلين وفق Rule 144A ولعامة غير الأميركيين وفق Regulation S من Securities Act.
Crown Holdings (NYSE: CCK) 已宣布定价
公司计划将募集到的资金连同现有现金用于赎回现有的2.875%、2026年2月到期的高级票据。本次发行将通过私募配售，面向符合条件的机构投资者（Rule 144A）以及根据证券法 Regulation S 的非美国主体。
- Refinancing of debt with new notes extending maturity to 2031
- Strong institutional backing for the debt offering
- Company has sufficient cash on hand to support debt redemption
- Higher interest rate of 3.750% compared to existing 2.875% notes being redeemed
- Continued substantial debt level on balance sheet
Insights
Crown Holdings refinances debt with new €500M bonds at 3.75%, extending maturity from 2026 to 2031 while maintaining similar interest rate.
Crown Holdings has priced a
This transaction allows Crown to extend its debt maturity profile by approximately 5 years while accepting a modest
The private placement approach through Rule 144A and Regulation S indicates the offering is targeted exclusively at institutional investors rather than retail markets. This structure typically allows for faster execution and potentially more flexible terms compared to registered public offerings.
From a balance sheet perspective, this transaction shouldn't significantly alter Crown's overall debt burden as it's essentially replacing existing obligations with new ones of similar magnitude. However, the extended maturity profile improves the company's long-term liquidity position by pushing substantial debt obligations further into the future, providing greater financial flexibility in the medium term.
The notes will be unconditionally guaranteed by Crown and certain of its subsidiaries. Crown intends to use the net proceeds from the offering, together with cash on hand, to redeem the Company's outstanding
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-
Cautionary Note Regarding Forward-Looking Statements
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 expected completion of the note offering and the prospective impact of the note offering and plans to repay certain indebtedness with the proceeds from the offering, 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 conditions and approvals. There can be no assurance that the note offering will be completed as described herein or at all. Other important factors are discussed under the caption "Forward-Looking Statements" in Crown's Form 10-K Annual Report for the year ended December 31, 2024 and in subsequent filings made prior to or after the date hereof. Crown does not intend to review or revise any particular forward-looking statement in light of future events.
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About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com.
For more information, contact: Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720
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SOURCE Crown Holdings, Inc.
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