BASHAM, RINGE Y CORREA advised Crown Holdings and its Mexican subsidiaries in the incremental amendment to an existing loan agreement with Deutsche Bank in the amount of USD 1,150 million dollars and EUR€ 750 million euros.

Mexico City, August 2nd, 2018.- BASHAM, RINGE Y CORREA advised, through its Partner Miguel Angel Peralta and the associates Pedro Said and Pedro Strobl, Crown Holdings, Inc. and its subsidiaries in the incremental amendment to the loan agreement with Deutsche Bank. Among other things, the parties agreed to increase the facility amount form the existing Loan Agreement (for a total amount of USD $ 100,000,000.00) for an additional amount of USD $ 1,150,000,000.00, and EUR € 750,000,000.00, as well as to increase the Revolving Commitments in Dollars to a total amount of USD $ 20,000,000.00, and increase the Revolving Commitments in Multicurrency to a total amount of USD $ 230,000,000.00. 

Certain amounts of the aforementioned were used to finance the acquisition of the Signode Industrial Group by Crown, this acquisition concluded on April 3, 2018. As part of the refinancing, on July 17, 2018, the existing loans, guarantees and security were recognized and restated, , and additional security interests were granted by newly created subsidiaries, including ten pledges on shares issued by the Mexican subsidiaries of Crown Holdings, Inc.