Crown European Holdings to pay down revolver borrowings

By Wendy Van Sickle

Columbus, Ohio, May 9 – Crown European Holdings SA plans to temporarily repay debt under its senior secured revolving credit facility with proceeds of a €500 million issuance of 5% five-year senior bullet notes, according to an 8-K filing with the Securities and Exchange Commission.

The Zug, Switzerland-based company is a supplier of food, beverage and consumer products packaging.

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