Crown Holdings amends, permitting incremental $75 million term loan A

By Sara Rosenberg

New York, Oct. 22 – Crown Holdings Inc. (Crown Americas LLC) amended its credit facility to allow for an additional $75 million term loan A, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Deutsche Bank is the administrative agent on the deal.

The amendment was completed on Oct. 16.

Proceeds will be used to help fund the acquisition of Empaque from Heineken NV for $1,225,000,000.

Crown is a Philadelphia-based consumer packaging company. Empaque is a Monterrey, Mexico-based manufacturer of aluminum cans and ends, bottle caps and glass bottles for the beverage industry.

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