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Crown Holdings Prices $350 Million 2026 Debenture Tender Offer

BY MT Newswires | TREASURY | 11/18/25 03:26 PM EST

03:26 PM EST, 11/18/2025 (MT Newswires) -- Crown Holdings (CCK) said Tuesday that its subsidiary, Crown Cork & Seal, will repurchase its 7 3/8% Debentures due 2026 through a previously announced cash tender offer.

The tender offer price is $1,036.53 per $1,000 principal, reflecting a 3.693% reference yield plus a 15-basis-point spread over US Treasuries maturing Dec. 15, 2026, according to the report.

The tender offer closes on Wednesday, with settlement for accepted debentures expected on Friday.

Shares of Crown Holdings (CCK) were up 0.9% in recent trading.

Price: 95.76, Change: +0.74, Percent Change: +0.78

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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