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Legal News

Cahill Represents Financing Sources in Notes Offering and Credit Facilities for Crown Holdings

Date: 04/03/18

Cahill represented the initial purchasers in connection with a Rule 144A/Regulation S offering of $875,000,000 aggregate principal amount of 4.750% senior notes due 2026 by Crown Americas, LLC and Crown Americas Capital Corp. VI and the Rule 144A/Regulation S offering of €335,000,000 aggregate principal amount of 2.250% senior notes due 2023 and €500,000,000 aggregate principal amount of 2.875% senior notes due 2026 Crown European Holdings S.A. Proceeds from the offerings are expected to be used to finance a portion of the acquisition of Signode Industrial Group Holdings (Bermuda) Ltd. by Crown Holdings, Inc.

Cahill represented the administrative agent and lead arrangers in connection with a $100,000,000 Term A loan, €750,000,000 Term B loan, $1,150,000,000 Term B loan and an increase to the Crown Holdings revolving facilities. Proceeds from these facilities were used to finance the acquisition of Signode.