BNP Paribas Closes Sustainability-Linked Syndicated Credit Facilities with Crown Holdings
Crown Holdings, Inc. (CCK)
Last crown holdings, inc. earnings: 4/20 04:30 pm
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Source: GlobeNewswire
NEW YORK, March 05, 2020 (GLOBE NEWSWIRE) -- BNP Paribas, a premier global bank, today announced that it has recently helped Crown Holdings, Inc. (NYSE: CCK) ("Crown"), a worldwide leader in the design, manufacture and sale of packaging products and equipment for consumer goods and industrial products, close its $3.25bn sustainability-linked syndicated credit facilities. BNP Paribas served as Joint Sustainability Coordinator, working with Crown to integrate a sustainability feature into its credit facilities. The announcement marks Crown as the first packaging company in the Americas to secure sustainability-linked terms for its syndicated credit facilities, and represents one of the largest sustainability-linked loans raised to date globally. Crown signed an amendment to its existing credit facilities to, among other things, upsize its prior $2.7bn syndicated credit facilities due April 2022, reset the maturity date to December 2024 and include financing terms that reduce or incr
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