CROWN HOLDINGS, INC.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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.
Sep 30, 2026 · Filed Oct 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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L. Debt
| September 30, 2026 | December 31, 2025 | |||
|---|---|---|---|---|
| Principal | Carrying | Principal | Carrying | |
| outstanding | amount | outstanding | amount | |
| Short-term debt | $15 | $15 | $83 | $83 |
| Long-term debt | ||||
| Senior secured borrowings: | ||||
| Revolving credit facilities | 360 | 360 | — | — |
| Term loan facilities | ||||
| U.S. dollar due 2031 | 1,175 | 1,170 | 1,175 | 1,173 |
| Euro due 20311 | 566 | 564 | 587 | 587 |
| Senior notes and debentures: | ||||
| U.S. dollar at 4.25% due 2026 | — | — | 400 | 400 |
| €500 at 5.00% due 2028 | 567 | 564 | 587 | 583 |
| €500 at 4.75% due 2029 | 567 | 562 | 587 | 582 |
| €600 at 4.50% due 2030 | 680 | 674 | 705 | 697 |
| U.S. dollar at 5.25% due 2030 | 500 | 497 | 500 | 496 |
| €500 at 3.750% due 2031 | 567 | 559 | 587 | 578 |
| U.S. dollar at 5.875% due 2033 | 700 | 692 | 700 | 691 |
| U.S. dollar at 7.50% due 2096 | 40 | 40 | 40 | 40 |
| Other indebtedness in various currencies | 156 | 156 | 54 | 54 |
| Total long-term debt | 5,878 | 5,838 | 5,922 | 5,881 |
| Less current maturities | (127) | (127) | (480) | (480) |
| Total long-term debt, less current maturities | $5,751 | $5,711 | $5,442 | $5,401 |
(1) €500 at September 30, 2026 and December 31, 2025
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 $5,793 at September 30, 2026 and $6,077 at December 31, 2025.
The Company repaid, at maturity, the $400 principal amount of 4.25% senior unsecured notes due September 2026.
In March 2026, the Company amended and restated the credit agreement governing its senior secured credit facilities (the "Second A&R Credit Agreement"). The Second A&R Credit Agreement extended the existing facilities' maturity to March 2031. All other material terms of the credit agreement remained unchanged. The facilities under the Second A&R Credit Agreement include a $800 U.S. dollar denominated revolving facility, a $800 multicurrency revolving facility, a $50 Canadian dollar-denominated revolving facility, a $1,175 Term A Loan, and a €499.5 Euro Term Loan.
The U.S. dollar term loan interest rate was SOFR plus 1.00% and the Euro term loan interest rate was EURIBOR plus 1.00% at September 30, 2026. The U.S. dollar term loan interest rate was SOFR plus 1.10% and the Euro term loan interest rate was EURIBOR plus 1.00% at December 31, 2025.
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