Crown Americas to redeem $300 million 7 5/8% senior notes at 103.813

By Marisa Wong

Milwaukee, Nov. 30 - Crown Holdings, Inc. announced that wholly owned subsidiaries Crown Americas LLC and Crown Americas Capital Corp. will redeem $300 million of their outstanding 7 5/8% senior notes due 2013 on Dec. 30.

The notes will be redeemed at 103.813, plus accrued interest up to the redemption date.

The company plans to use cash on hand and, if necessary, borrowings under its revolving credit facility to fund the redemption.

The Bank of New York Mellon Trust Co. is the trustee.

Headquartered in Philadelphia, Crown is a leading supplier of packaging products to consumer marketing companies.

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