Crown Holdings, Inc. Sets Pricing for $700 Million Senior Notes Offering

Crown Holdings, Inc. Pricing Announcement for Senior Notes

Crown Holdings, Inc., a prominent player in the packaging industry, has made headlines with its recent announcement regarding an offering of senior unsecured notes. On May 12, 2025, the company reported the pricing of an aggregate principal amount of $700 million in 5.875% senior unsecured notes due in 2033. This initiative, issued by its subsidiary, Crown Americas LLC, signifies a strategic financial move aimed at debt management and operational efficiency.

Details of the Offering

The newly priced notes are guaranteed unconditionally by Crown Holdings and select subsidiaries, reinforcing the security and trust in the investment. The anticipated allocation of the generated funds displays a clear roadmap: they will primarily be directed towards repaying the 4.750% senior notes set to mature in 2026. Additionally, funds will aid in covering related fees and expenses, enhancing the company’s financial health.

This offering will proceed through a private placement strategy, enabling initial purchasers to resell the notes to qualified institutional buyers in adherence to Rule 144A of the Securities Act of 1933. Furthermore, non-U.S. persons can participate under Regulation S, ensuring a broad international scope for investment while abiding by existing regulations.

Regulatory Aspects

It's pertinent to note that these notes are not registered under the Securities Act, which means they cannot be offered or sold in the United States without unto relevant exemptions or registration. Thus, investors are advised to consider this regulatory landscape carefully before proceeding.

Forward-Looking Statements

Crown Holdings also exercised caution by issuing forward-looking statements regarding the anticipated outcomes of this financial initiative. Mentioning various uncertainties, the company emphasizes that expected results could vary significantly from the statements provided. Factors such as market conditions, regulatory approvals, and completion of the note offering could impact actual outcomes.

The company's commitment to transparency is further highlighted in its Form 10-K Annual Report for the fiscal year ending December 31, 2024, where more in-depth analyses of forward-looking statements are discussed. Stakeholders and potential investors are encouraged to familiarize themselves with such disclosures to gain insights into potential risks and rewards associated with their investments in Crown Holdings.

About Crown Holdings, Inc.

Crown Holdings, Inc. stands tall as a leading global supplier of rigid packaging products, catering to consumer marketing firms, along with transit and protective packaging products and services across diverse markets. Founded in Tampa, Florida, the company has established a strong presence and is committed to driving innovation and sustainability within the packaging sector.

For those interested in a deeper dive into Crown Holdings and its offerings, further details are available at www.crowncork.com. Additionally, investors and interested parties can connect with Thomas T. Fischer, Vice President of Investor Relations and Corporate Affairs, at (215) 552-3720 for inquiries related to investment opportunities and corporate affairs.

In conclusion, this senior notes offering marks a significant chapter for Crown Holdings, Inc. as it navigates financial landscapes with strategic foresight. Investors should keep a close eye on the developments surrounding this offering, as it plays a crucial role in the company’s debt management strategy and overall financial stability.