Crown Holdings to repay some term A borrowings with notes proceeds

By Sara Rosenberg

New York, Sept. 7 – Crown Holdings Inc. intends to pay down a portion of its term loan A using proceeds from the sale of $350 million senior unsecured notes and €310 million senior unsecured notes, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes.

Crown is a Philadelphia-based designer, manufacturer and seller of packaging products for consumer goods.

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