Crown Holdings Announces Senior Notes Offering
The Company intends to use the net proceeds of this offering for general
corporate purposes consisting of the permanent repayment of indebtedness under
its senior secured credit facilities, the repurchase of a portion of
The senior notes would be issued through a private placement and resold by
initial purchasers to qualified institutional buyers under Rule 144A of the
Securities Act of 1933, as amended, or the Securities Act, and Regulation S.
The senior notes would not be registered under the Securities Act and could
not be offered or sold in the
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, which may cause the actual results to
be materially different from those expressed or implied in the forward-looking
statements. Important factors that could cause the statements made in this
press release to differ include, without limitation, that the Company's
refinancing plan is subject to a number of conditions and approvals and the
final terms may vary substantially as a result of market and other conditions.
There can be no assurance that the refinancing plan will be completed as
described herein or at all. There can be no assurance that the Company will
pursue or consummate any acquisition, or if the Company were to consummate an
acquisition, the terms thereof. Other important factors are discussed under
the caption "Forward-Looking Statements" in the Company's Form 10-K Annual
Report for the year ended
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For more information, contact:
SOURCE
Financial Officer of
/Web Site: http://www.crowncork.com
(CCK)