Dechert Advises Crown Holdings on Senior Notes Offering

Dechert LLP advised Crown Holdings, Inc. (Crown) on an offering of €600 million aggregate principal amount of 4.500% senior unsecured notes due 2030 issued by its subsidiary, Crown European Holdings S.A. Crown intends to use the net proceeds from the offering, together with cash on hand, to pay its outstanding 2.625% senior notes due in September 2024, as well as related fees and expenses.

The notes will also be unconditionally guaranteed by Crown and certain of its subsidiaries. Crown, through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets.

The Dechert cross-border team spanning the U.S., France, Luxembourg and UK advising Crown includes corporate partners Ian Hartman, Michael Darby, Ermine Bolot and Jennifer Rees with associates Nicholas Chionchio, Mathilde Duchamp, Ernest Yan, Anaïs Fritzinger, Gurbir Sandhu, Dillan Gomes, Conor Shea and Bryan Wilson; financial services associate Aurélien Martinot; and real estate finance associate Chloé Lebret.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.