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Crown Americas Sells $400M Notes

05-07-2009

Two subsidiaries of Crown Holdings have sold $400 million of eight-year senior notes in a 144a private placement market, Reuters reports. Crown Americas and Crown Americas Capital Corp II will use the proceeds for general corporate purposes, including debt repayment and funding acquisitions.

The size of the deal was raised from an initially planned $250 million. Deutsche Bank, Bank of America and Citigroup served as the joint bookrunning managers for the sale.

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