Crown Holdings plans to redeem €83 million of 6¼% senior secured notes

By Melissa Kory

Cleveland, June 9 - Crown Holdings, Inc. announced it intends to redeem its €83 million of 6¼% first-priority senior secured notes due Sept. 1, 2011 with borrowings under its senior secured credit facilities due June 9, 2016.

The notes will be redeemed on July 11 for €86 million.

Holders will receive par plus a make-whole premium plus accrued interest.

Bank of New York Mellon is the redemption agent.

Crown is a Philadelphia-based packaging company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.