Crown Holdings Concludes Cash Tender Offer for Debt Securities

Crown Holdings, Inc., recognized by its stock symbol NYSE: CCK, has officially announced the final results and the expiration of its previously declared cash tender offer. This offer was executed by its wholly-owned subsidiary, Crown Cork & Seal Company, Inc., with aims to purchase all of the outstanding 7 3/8% Debentures scheduled to mature in 2026, commonly referred to as the Debentures.

Details of the Tender Offer

As per information provided by Global Bondholder Services Corp., the total principal amount for these Debentures prior to the tender offer stood at a significant $350 million. Impressively, valid tenders submitted—and not rescinded by the deadline—amounted to approximately $317.3 million. Moreover, an additional $339,000 was covered by guaranteed delivery protections for those participants who opted for this safeguard.

Break Down of the Tender Offer Process

The tender offer was meticulously orchestrated under the terms laid out in the Offer to Purchase document dated November 12, 2025. Participants in the offer were assured that all Debentures validly tendered would be processed for payment on the scheduled settlement date, November 21, 2025, pending the successful fulfillment of all related conditions.

In addition, all payments made for the purchased Debentures will encompass accrued interest from the previous payment date up to the settlement date, ensuring that investors receive their due credit for their holdings.

Crown Holdings enlisted Mizuho Securities USA LLC and PNC Capital Markets LLC as the Dealer Managers overseeing the tender offer. Investors or interested parties with inquiries regarding the details of the tender offer were provided numerous contact avenues, ensuring transparency and accessibility of information throughout the process.

Implications and Market Reactions

Crown Holdings remains a key player in the rigid packaging sector, providing essential products to consumer marketing companies worldwide. This tender offer demonstrates Crown's strategic move to manage its debt effectively while maintaining a robust standing in the market. Following the announcement of the tender offer's results, industry analysts and investors alike are keenly observing how these actions will impact Crown’s financial shape in the short and long term.

It’s important to note that this announcement comes alongside a cautionary note regarding forward-looking statements, emphasizing that while Crown Holdings anticipates a successful conclusion to the tender offer, market conditions and regulatory approvals could influence the actual outcomes.

About Crown Holdings, Inc.

Crown Holdings, Inc. operates globally, providing various packaging solutions, from consumer products to protective packaging, making it a vital resource within its industry. Established with its headquarters in Tampa, Florida, Crown continues to expand its product offerings and enhance its market presence.

For further insights into Crown Holdings and ongoing updates, stakeholders are encouraged to visit their corporate website or reach out to their Investor Relations division for more personalized inquiries.

In summary, Crown Holdings’ successful tender offer reflects its proactive approach in financial management while concurrently signaling strong operational capabilities, aligning with its growth strategy in a competitive environment.