Crown to repay 2018 notes with new €500m bond issue

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By Olivier Holmey
23 Jun 2014

Crown, the packaging firm headquartered in Philadelphia, today announced that it was offering €500m of eight year senior secured high yield bonds to refinance an outstanding debt of the same amount.

BNP Paribas (billing and delivering) and Royal Bank of Scotland are physical bookrunners. Bank of America Merrill Lynch, Barclays, Crédit Agricole, Deutsche Bank, Santander and Wells Fargo are bookrunners.

BBVA, HSBC and Sumitomo are co-managers.

The 2022 bond will be callable at par three months before maturity.

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