Crown Holdings amends credit facilities, extends maturity to March 17, 2031
Crown Holdings entered a Second Amended and Restated Credit Agreement on March 17, 2026, which replaces its April 7, 2017 credit agreement in its entirety. The new agreement provides several revolving and term loan facilities with a five-year term, and proceeds were used to pay transaction costs, refinance the prior agreement, and for general corporate purposes. For shareholders, the filing describes a refinancing of existing credit lines with a new maturity date and pricing tied to the company's leverage ratio, without stating any change to operating results.
Key points
- On March 17, 2026, the company entered into a Second Amended and Restated Credit Agreement that replaces the Amended and Restated Credit Agreement originally dated April 7, 2017.
- Facilities include an $800 million Dollar Revolving Facility, an $800 million Multicurrency Revolving Facility, a $50 million Canadian Revolving Facility, a $1,175 million Term Loan A Facility and a €499.5 million Term Euro Facility.
- The five-year facilities mature March 17, 2031, and bear interest at SOFR plus 1.25% at closing, adjustable by up to one-quarter percent per annum based on the company's Total Leverage Ratio.
- Borrowings are secured and guaranteed by the company and certain subsidiaries, and the agreement requires the company to maintain a maximum leverage ratio.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.