Crown Holdings prices, increases size of private placement to €650M principal amount of 4% senior unsecured notes due 2022; company intends to use proceeds to retire all Crown European Holdings' outstanding €500M senior unsecured notes due 2018

PHILADELPHIA , June 26, 2014 (press release) – Crown Holdings, Inc. (NYSE: CCK) announced today that it has priced and increased the size of its private placement to €650 million principal amount of 4% senior unsecured notes due 2022. The senior notes will be issued at par by Crown European Holdings S.A., a subsidiary of the Company, and will be unconditionally guaranteed by the
Company and certain of its subsidiaries.

The Company intends to use the net proceeds of this offering to retire all of Crown European Holdings’ outstanding €500 million senior unsecured notes due 2018 with ISIN codes XS0511127929 and XS0511127689 (the “2018 Notes”), to pay fees and expenses associated with the offering of the new notes, to pay redemption and/or tender premiums associated with repaying the 2018 Notes and for general corporate purposes which may consist of the funding of acquisitions, the permanent repayment of term loan indebtedness under its senior secured credit facilities and/or the repurchase of outstanding senior unsecured notes. Pending such application, the Company intends to use such net proceeds to temporarily repay existing indebtedness under its senior secured revolving credit facilities.

The senior notes will be issued through a private placement and resold by initial purchasers to qualified institutional buyers in the United States under Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States under Regulation S of the Securities Act. The senior 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. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security in any jurisdiction in which such offer or sale would be unlawful.

Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania. For more information, visit

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