Crown Holdings Inc. announced that it has priced a private placement of $200 million principal amount of 4.5% senior unsecured notes due 2023. The notes were priced at 100% of the principal amount and will be issued by Crown Americas LLC and Crown Americas Capital Corp. IV, each a subsidiary of the company, and will be unconditionally guaranteed by the Company and substantially all of its U.S. subsidiaries.

The company intends to use the net proceeds of the offering, together with cash on hand, to repay $200 million of indebtedness outstanding under the company's senior secured term loan facilities. The notes will be issued through a private placement and resold by initial purchasers to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, or Regulation S. The Notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.