Crown Holdings to repay term loan debt with proceeds from new notes

By Sarah Lizee

Olympia, Wash., Oct. 22 – Crown Holdings, Inc. plans to repay some existing term loan debt under its credit agreement with proceeds from a new offering of notes, according to a press release.

The company announced Tuesday that its subsidiary Crown European Holdings SA plans to offer €550 million of notes due 2023, subject to market conditions.

Crown Holdings is a Philadelphia-based provider of consumer packaging.

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