Crown Holdings Announces Pricing of Senior Notes
Crown intends to use the net proceeds of this offering, together with other available funds (which may include borrowings under Crown's revolving credit facility), to repay its outstanding Term Loan B facility, to pay fees and expenses associated with the offering of the notes and for general corporate purposes.
The notes will be issued through a private placement and resold by initial purchasers to qualified institutional buyers under Rule 144A promulgated under the Securities Act of 1933, as amended, and to persons outside
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, the prospective impact of the note offering and plans to repay certain indebtedness, 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. 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
Crown Holdings, Inc.
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