Crown Holdings Files 8-K on Debenture Details
Ticker: CCK · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1219601
| Field | Detail |
|---|---|
| Company | Crown Holdings, INC. (CCK) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, filing
TL;DR
Crown Holdings filed an 8-K detailing its 2026 and 2096 debentures.
AI Summary
On July 30, 2024, Crown Holdings, Inc. filed an 8-K report. The filing primarily concerns the company's financial structure, specifically mentioning its "Seven And 3/8 Debentures Due 2026" and "Seven And 1/2 Debentures Due 2096." No new material events or financial transactions were disclosed in this specific filing.
Why It Matters
This filing provides transparency regarding Crown Holdings' existing debt instruments, which is important for investors and creditors to understand the company's financial obligations.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate any new risks or material changes.
Key Players & Entities
- Crown Holdings, Inc. (company) — Registrant
- July 30, 2024 (date) — Date of Report
- Seven And 3/8 Debentures Due 2026 (dollar_amount) — Debt Instrument
- Seven And 1/2 Debentures Due 2096 (dollar_amount) — Debt Instrument
FAQ
What is the purpose of this 8-K filing for Crown Holdings, Inc.?
The purpose of this 8-K filing is to report on existing financial instruments, specifically the company's "Seven And 3/8 Debentures Due 2026" and "Seven And 1/2 Debentures Due 2096."
When was this 8-K report filed by Crown Holdings, Inc.?
This 8-K report was filed on July 30, 2024.
Does this filing announce any new debt issuances or significant financial changes?
No, this filing appears to be a routine disclosure related to existing debentures and does not announce new issuances or significant financial changes.
What are the specific debenture series mentioned in the filing?
The filing specifically mentions "Seven And 3/8 Debentures Due 2026" and "Seven And 1/2 Debentures Due 2096."
What is Crown Holdings, Inc.'s standard industrial classification?
Crown Holdings, Inc.'s standard industrial classification is METAL CANS [3411].
Filing Stats: 827 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-07-30 06:06:32
Key Financial Figures
- $5.00 — ange on which registered Common Stock $5.00 Par Value CCK New York Stock Exchan
Filing Documents
- d826342d8k.htm (8-K) — 28KB
- 0001193125-24-188197.txt ( ) — 190KB
- cck-20240730.xsd (EX-101.SCH) — 4KB
- cck-20240730_def.xml (EX-101.DEF) — 14KB
- cck-20240730_lab.xml (EX-101.LAB) — 23KB
- cck-20240730_pre.xml (EX-101.PRE) — 15KB
- d826342d8k_htm.xml (XML) — 7KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 30, 2024 CROWN HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Pennsylvania 001-41550 75-3099507 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (I.R.S. Employer Identification No.) 14025 Riveredge Drive , Suite 300 , Tampa , Florida 33637 (215) 698-5100 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Not Applicable (Former name or former address, if changed since last report) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of each class Trading Symbols Name of each exchange on which registered Common Stock $5.00 Par Value CCK New York Stock Exchange 7 3/8% Debentures Due 2026 CCK26 New York Stock Exchange 7 1/2% Debentures Due 2096 CCK96 New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item7.01. Regulation FD Disclosure. Crown Holdings, Inc. (the " Company ") intends to offer senior unsecured notes (the " Notes ") in the aggregate principal amount of 600,000,000 that will be issued by Crown European Holdings S.A., a subsidiary of the Company. The Notes will be sold in a private placement and resold by the initial purchasers to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the " Securities Act "), and to non-U.S. persons outside the United States pursuant to Regulation S of the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This does not constitute an offer to sell or the solicitation of an offer to buy any security in any jurisdiction in which such offer or sale would be unlawful. The Company intends to use the net proceeds from the offering, together with cash on hand, to pay at maturity the Company's outstanding 2.625% senior notes due in September 2024 and to pay related fees and expenses. The information in this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Cautionary Note Regarding Forward-Looking Statements Except for historical information, all other information in this Form 8-K consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including the expected completion of the offering of the Notes, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Other important factors that could cause the statements made in this Form 8-K or the actual results of operations or financial condition of the Company to differ include, without limitation, that the offering of the Notes is subject to a number of conditions. There can be no assurance that the offering of the Notes will be completed as described herein or at all. Other important factors are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2023 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events. SIGNATURE Pursuant to the requirements of the Securities