Crown Holdings to repay term loan with proceeds from €110 million notes

New York, Sept. 15 - Crown Holdings Inc. said it will repay its $125 million term loan due 2011 with proceeds from a sale of €110 million of 6¼% first priority senior secured notes due 2011.

The notes are an add-on to Crown's existing €350 million issue.

The Philadelphia packaging company said it will use remaining proceeds for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.