PHILADELPHIA, Sept. 30 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. (the "Company") today announced that Crown Cork & Seal Company, Inc., a wholly-owned subsidiary of the Company ("Crown Cork"), has satisfied and discharged all of the outstanding indebtedness in respect of Crown Cork''s outstanding 8% Debentures due 2023 (the "Debentures") in accordance with the terms and conditions of the indenture governing the Debentures. The satisfaction and discharge involved the irrevocable deposit in trust by Crown Cork with The Bank of New York Mellon Trust Company, N.A., as trustee under the governing indenture, of approximately $211.8 million, such amount being sufficient to pay the $200 million aggregate principal amount of, and accrued and unpaid interest and premium on, the outstanding Debentures to the redemption date of October 30, 2009.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward-Looking Statements" in the Company''s Form 10-K Annual Report for the year ended December 31, 2008 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.
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.
For more information, contact: Timothy J. Donahue, Executive Vice President and Chief Financial Officer, (215) 698-5088, or Ed Bisno, Bisno Communications, (212) 717-7578
Crown Holdings, Inc.
CONTACT: Timothy J. Donahue, Executive Vice President and Chief
Financial Officer, +1-215-698-5088, or Ed Bisno, Bisno Communications,
+1-212-717-7578
Web Site: http://www.crowncork.com/
