Cahill Represents Lead Arrangers in Multicurrency Credit Facilities for Crown Americas LLC, Crown Metal Packaging Canada LP, Crown European Holdings S.A. and the Subsidiary Borrowers
Date: 12/13/19
Cahill represented the lead arrangers in connection with a $1,100,000,000 term loan A credit facility for Crown Americas LLC, a €450,000,000 term loan A credit facility for Crown European Holdings S.A., a $50,000,000 Canadian dollar revolving credit facility for Crown Metal Packaging Canada LP, a $600,000,000 U.S. dollar revolving credit facility for Crown Americas LLC and a $1,000,000,000 multicurrency revolving credit facility for Crown Americas LLC, Crown European Holdings S.A. and the Subsidiary Borrowers. Proceeds from the term loan A credit facilities, together with the proceeds from the issuance of €550 million of 0.750% senior notes due 2023 by Crown European Holdings S.A., cash on hand and borrowings under the revolving credit facilities, were used to refinance existing indebtedness. The revolving credit facilities were used to replace the borrowers’ existing revolving credit facilities.