TAMPA,
Fla., July 30, 2024 /PRNewswire/ -- Crown
Holdings, Inc. (NYSE: CCK) announced today that it has priced
an offering of €600 million aggregate principal amount of 4.500%
senior unsecured notes due 2030 issued at par by its subsidiary
Crown European Holdings S.A.
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 pay at maturity Crown's outstanding
2.625% senior notes due in September
2024 and to pay related fees and expenses.
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 outside the
United States under Regulation S of the Securities Act. The
notes would not be 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.
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, 2023 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.
No PRIIPs KID
Not for retail investors in the European Economic Area ("EEA")
or the United Kingdom. No PRIIPs key information document
(KID) has been prepared as not available to retail investors in the
EEA or the United Kingdom.
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.