Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-' - S&P Global Ratings’ Credit Research

Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-'

Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-' - S&P Global Ratings’ Credit Research
Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-'
Published Jul 26, 2006
658 words — Published Jul 26, 2006
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 26, 2006--Standard&Poor's Ratings Services said today that it affirmed its 'BB-' rating and its '2' recovery rating on Crown Holdings Inc.'s existing $1.5 billion credit facilities including its proposed $200 million add-on senior secured term loan B due 2012. The bank loan rating is the same as the corporate credit rating; this and the recovery rating of '2' indicate that lenders can expect substantial (80% to 100%) recovery of principal in the event of a payment default. The ratings on the add-on term loan B are based on preliminary terms and are subject to review of final documentation. The borrower for the add-on term loan B is Crown Americas LLC and proceeds

  
Brief Excerpt:

RESEARCH Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At '##-' Publication date: 26-Jul-2006 NEW YORK (Standard & Poor's) July 26, 2006--Standard & Poor's Ratings Services said today that it affirmed...

  
Report Type:

Ratings Action

Ticker
CCK
Issuer
Crown Holdings Inc.
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Summary: Crown Holdings Inc. – 2006/09/05 – US$ 225.00

Summary: Crown Holdings Inc. – 2006/12/28 – US$ 225.00

Summary: Crown Holdings Inc. – 2007/01/12 – US$ 225.00

Summary: Crown Holdings Inc. – 2007/01/23 – US$ 225.00

Crown Holdings Inc. – 2007/01/23 – US$ 500.00

Summary: Crown Holdings Inc. – 2006/06/12 – US$ 225.00

Summary: Crown Holdings Inc. – 2006/04/14 – US$ 225.00

Crown Holdings Inc. – 2006/01/12 – US$ 500.00

Summary: Crown Holdings Inc. – 2006/01/12 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-'" Jul 26, 2006. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Crown-Americas-Proposed-200-Million-Add-On-Senior-Term-Loan-B-Rating-Affirmed-At-BB-522913>
  
APA:
S&P Global Ratings’ Credit Research. (). Crown Americas' Proposed $200 Million Add-On Senior Term Loan B Rating Affirmed At 'BB-' Jul 26, 2006. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Crown-Americas-Proposed-200-Million-Add-On-Senior-Term-Loan-B-Rating-Affirmed-At-BB-522913>
  
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