Crown Holdings Inc. announced that it has priced a private placement of $800 million principal amount of 4.5% senior unsecured notes due 2023. The New 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 to redeem all of Crown Americas LLC's and Crown Americas Capital Corp. II's outstanding $400 million senior notes due 2017 and to pay redemption premiums associated therewith, to repay the equivalent of $300 million of indebtedness under the company's senior secured term loan facilities, for general corporate purposes and (iv) for payment of related fees and expenses.