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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
CCK
Crown European Holdings SA€600
1EMEA
Jul 30, 2024
currency
EUR
size (m)
600.000
maturity
Jan 15, 2030
type
Fixed
tenor
5.500
call
0.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba1
s&p
BB+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
4.50% area (+/- 12.5bp)
spread
225.5
coupon
4.500%
spread set
-
price
100.00000
yield
4.500%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CTI, ING, MIZ, ...
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CTI, ING, MIZ, ...
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S;
Deal Comments
07/30/2024 Crown European Holdings SA (CCK) EUR600m 144A/Reg S sr notes due 01/15/30 (5.5y). NCL (MWC B+50bp) (3mo par call). Ba1/BB+ (stable/stable). Via BNP (B&D)/CA/DB jt active books, BofA/Citi/ING/Mizuho/MUFG/Santander/Scotia/SMBC Nikko/TD/UniCredit/WFS jt passive books, Huntington, PNC, Rabo as co-managers. No reg rights. List Lux. NY law. CoC at 101. Pays Jan 15 and July 15, starting 01/15/25. Settles 08/08 (T+7). Reg S ISIN: XS2872799734. Price talk: 4.50% area (+/- 12.5bp). Priced: 4.50% at 100. +225.5np vs DBR 6.25% 01/04/30. Books close at 1:30pm UKT 07/30. Pricing 07/30 UK afternoon. UOP: along with EUR8m cash on hand to repay at maturity its EUR600m 2.625% sr notes due 09/20/24. Biz: sub of Crown Holdings Inc, a designer, manufacturer, and seller of packaging products for consumer goods (aluminum and steel cans) and industrial products. HQ: Tampa, FL. Dealroadshow: https://dealroadshow.com/e/CROWN2024. Entry code: CROWN2024.

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