CROWN HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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L. Debt
| March 31, 2024 | December 31, 2023 | |||
|---|---|---|---|---|
| Principal | Carrying | Principal | Carrying | |
| outstanding | amount | outstanding | amount | |
| Short-term debt | $87 | $87 | $16 | $16 |
| Long-term debt | ||||
| Senior secured borrowings: | ||||
| Revolving credit facilities | — | — | — | — |
| Term loan facilities | ||||
| U.S. dollar due 2027 | 1,575 | 1,570 | 1,575 | 1,569 |
| Euro due 20271 | 572 | 572 | 589 | 589 |
| Senior notes and debentures: | ||||
| €600 at 2.625% due 2024 | 647 | 647 | 663 | 662 |
| €600 at 3.375% due 2025 | 647 | 646 | 663 | 662 |
| U.S. dollar at 4.25% due 2026 | 400 | 398 | 400 | 398 |
| U.S. dollar at 4.75% due 2026 | 875 | 871 | 875 | 871 |
| U.S. dollar at 7.375% due 2026 | 350 | 350 | 350 | 350 |
| €500 at 2.875% due 2026 | 539 | 537 | 552 | 550 |
| €500 at 5.00% due 2028 | 539 | 532 | 552 | 544 |
| €500 at 4.75% due 2029 | 539 | 533 | 552 | 544 |
| U.S. dollar at 5.25% due 2030 | 500 | 494 | 500 | 494 |
| U.S. dollar at 7.50% due 2096 | 40 | 40 | 40 | 40 |
| Other indebtedness in various currencies | 176 | 176 | 185 | 185 |
| Total long-term debt | 7,399 | 7,366 | 7,496 | 7,458 |
| Less current maturities | (743) | (743) | (759) | (759) |
| Total long-term debt, less current maturities | $6,656 | $6,623 | $6,737 | $6,699 |
(1) €530 and €533 at March 31, 2024 and December 31, 2023
The estimated fair value of the Company’s debt, using a market approach incorporating Level 2 inputs such as quoted market prices for the same or similar issues, was $7,441 at March 31, 2024 and $7,484 at December 31, 2023.
The U.S. dollar term loan interest rate was SOFR plus 1.35% and the Euro term loan interest rate was EURIBOR plus 1.25% at March 31, 2024 and at December 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.