May 5, 2009 (FinancialWire) — Crown Holdings, Inc. (NYSE: CCK) plans to offer senior unsecured notes due 2017 in an effort to generate $250 million of net proceeds.

The senior notes would be issued by Crown subsidiaries Crown Americas, LLC and Crown Americas Capital Corp. II, and would be unconditionally guaranteed by the company and its U.S. subsidiaries.

Crown Holdings plans to use the net proceeds of this offering for general corporate purposes consisting of the permanent repayment of indebtedness under its senior secured credit facilities, the repurchase of a portion of Crown European Holdings SA’s first priority notes.

The funds may also be used to fund one or more acquisitions. The company also plans to use some of the remaining net proceeds to temporarily repay existing indebtedness under its senior secured revolving credit facilities and accounts receivable securitization facilities.

Philadelphia-based Crown Holdings is a leading of packaging products to consumer marketing companies.

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