Moody's rates Crown facilities Baa1

Moody's Investors Service said it assigned Baa1 ratings to the proposed senior secured credit facilities and proposed senior secured term loans of Crown Americas LLC, Crown European Holdings SA and Crown Metal Packaging Canada LP.

Additionally, Moody's confirmed Crown Holdings' Ba1 corporate family and Ba1-PD probability of default ratings.

The outlook is stable.

Moody's said the ratings are predicated upon the transaction closing as projected and the achievement of the forecasted level of debt reduction over the rating horizon. Additionally, the ratings are sensitive to any changes in the amount of outstanding unsecured debt.

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