Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings - S&P Global Ratings’ Credit Research

Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings

Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings - S&P Global Ratings’ Credit Research
Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings
Published Sep 05, 2014
Published Sep 05, 2014
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Abstract:

NEW YORK (Standard&Poor's) Sept. 5, 2014--Standard&Poor's Ratings Services said today that its corporate credit rating on U.S. packaging producer Crown Holdings Inc. is not affected by Crown's definitive agreement to acquire EMPAQUE, a leading Mexican manufacturer of aluminum cans and ends, bottle caps, and glass bottles for the beverage industry, from Heineken N.V., in a cash transaction valued at $1.225 billion, subject to adjustment. The acquisition is subject to customary closing conditions, including competition authority approval, and is expected to close by year-end 2014. We expect the company to fund the acquisition with a mix of debt and cash on hand. If the financing plan includes a significant portion of senior secured debt, our issue and

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings" Sep 05, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Crown-Holdings-Inc-s-Definitive-Pact-To-Acquire-EMPAQUE-Does-Not-Affect-Ratings-1357570>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Crown Holdings Inc.'s Definitive Pact To Acquire EMPAQUE Does Not Affect Ratings Sep 05, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Crown-Holdings-Inc-s-Definitive-Pact-To-Acquire-EMPAQUE-Does-Not-Affect-Ratings-1357570>
  
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