CROWN HOLDINGS, INC. (NYSE:CCK) Files An 8-K Entry into a Material Definitive Agreement

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CROWN HOLDINGS, INC. (NYSE:CCK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Material Definitive Agreement.

The information provided in Item 2.03 below is incorporated herein by reference.

Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On December 28, 2017, Crown Holdings, Inc. (the “Company”) entered into the First Amendment to the Amended and Restated Credit Agreement (the “Amendment”), among Crown Americas LLC (“Crown Americas”), a wholly-owned indirect subsidiary of the Company, as U.S. Borrower, Crown European Holdings S.A., a wholly-owned indirect subsidiary of the Company (“Crown European Holdings”), as European Borrower, CROWN Metal Packaging Canada LP, a wholly-owned indirect subsidiary of the Company, as Canadian Borrower, the Subsidiary Borrowers named therein, the Company, Crown International Holdings, Inc. and Crown Cork & Seal Company, Inc., as Parent Guarantors, Deutsche Bank AG New York Branch, as Administrative Agent, Deutsche Bank AG London Branch, a U.K. Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, and Lenders referred to therein. TheAmendment, among other changes,amends the restrictive covenants regarding indebtedness and liens to permit incurrence of debt that may be used to fund the previously announced acquisition ofSignode Industrial Group Holdings (Bermuda) Ltd. (“Signode”) from The Carlyle Group and certain other sellers, and, in the case of each of the following, upon the closing of the Signode acquisition, includes a customary excess cash flow mandatory prepayment,extends the timetable for compliance with the total leverage ratios andincreases the amount of the revolving facility.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which will be filed as an exhibit to the Company’s next annual report on Form 10-K.


About CROWN HOLDINGS, INC. (NYSE:CCK)

Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food. The Company’s segments within the European Division are European Beverage and European Food. The Company’s Asia Pacific Division segment consists of its beverage and non-beverage can operations. The Company’s segments also include its European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment operations in the Unites States and the United Kingdom. It operates over 150 plants along with sales and service facilities throughout over 40 countries. It also has canmaking and spare part operations in the United States and the United Kingdom.