Crown Holdings, Inc. announced that it has amended the credit agreement governing its senior secured credit facilities. The Amendment extends the agreement's maturity to August 2027 and increases the commitments under several of the company's existing facilities. Following the Amendment, the Company's commitments under its credit agreement will include $800 million in U.S. dollar-denominated revolving commitments, $800 million in multicurrency revolving commitments, $50 million in Canadian dollar-denominated revolving commitments, $1.8 billion in Term Loan A commitments, and EUR 540 million in Term Euro commitments.

The Company expects to use proceeds from the senior secured credit facilities in order to pay for the redemption of the outstanding 2 1/4 % Senior Notes due 2023 (with an aggregate principal amount outstanding of EUR 335 million) and the 3/4 % Senior Notes due 2023 (with an aggregate principal amount outstanding of EUR 550 million), both of which were issued by Crown European Holdings S.A., a wholly-owned subsidiary of the Company.