PHILADELPHIA, Feb. 14 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) announced today its results for the fourth quarter and year ended December 31, 2001. The Company reported a net loss of $7.74 per diluted share for the year ended December 31, 2001, including charges for an increase in the valuation allowance for net U.S. deferred tax assets, for pending asset divestitures, for restructuring actions and for an increase in the reserve for the Company's asbestos litigation. In 2000, the Company reported a net loss

PHILADELPHIA, Jan. 30 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) announced that it has secured an agreement from its lenders to extend $225 million of its $400 million term loan, originally due February 4, 2002 to August 4, 2002.

Alan W. Rutherford, Vice Chairman and Chief Financial Officer commented, "The Company is expecting improving fundamentals in the packaging sector in 2002 and the extension of a portion of the term loan will provide additional flexibility to finance the working capital requirements during the season."

PHILADELPHIA, Jan. 22 /PRNewswire-FirstCall/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK) announced that it has completed the sale of its fragrance pump manufacturing business located in Thomaston, Connecticut to Rexam PLC for approximately $107 million in cash subject to a net asset adjustment. Net proceeds from the transaction were used to reduce outstanding short-term indebtedness.

PHILADELPHIA, Dec. 17 /PRNewswire/ -- Crown Cork & Seal Company, Inc. (NYSE: CCK; Paris Bourse) announced today that Governor Schweiker of Pennsylvania signed into law a bill that limits the asbestos-related liabilities of Pennsylvania companies such as Crown that incurred those liabilities because they are successors by corporate merger to companies that had been involved with asbestos. The bill was passed overwhelmingly by both houses of the Pennsylvania General Assembly last week.