Crown Holdings Announces Amendment of First Lien Note Indenture

PHILADELPHIA, Dec. 7 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. (NYSE: CCK) today announced the successful completion of its consent solicitation and the execution of a supplemental indenture with respect to certain amendments to the indenture dated September 1, 2004 relating to the 6-1/4% First Priority Senior Secured Notes due 2011 of Crown European Holdings SA, a subsidiary of the Company.

The amendments generally conform certain provisions of the indenture to comparable provisions of the Company's senior secured credit facility. Among other things, the amendments allow the Company to incur an additional $200,000,000 of indebtedness secured by the collateral securing the notes and to make $100,000,000 of additional restricted payments of any type, including restricted payments for the repurchase or other acquisition of shares of Company common stock.

Crown Holdings, Inc., through its affiliated companies, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.

CONTACT:
Timothy J. Donahue
Senior Vice President - Finance of Crown Holdings
+1-215-698-5088
or
Edward Bisno
Bisno Communications
+1-212-717-7578

Web site: http://www.crowncork.com

SOURCE Crown Holdings, Inc. (CCK)