SEC Company Response from CROWN HOLDINGS, INC. (CCK) (CIK 0001219601) (CCK) — Dec 6, 2018
CROWN HOLDINGS, INC. (CCK) (CIK 0001219601)
Date: Dec. 6, 2018 · CIK: 0001219601 · Accession: 0001193125-18-343844
AI Filing Summary & Sentiment
Reasoning
Letter
CROWN AMERICAS LLC
CROWN AMERICAS CAPITAL CORP. VI
c/o Crown Holdings, Inc.
Township Line Road
Yardley, PA 19067 USA
Telephone: (215) 698-5100
December 6, 2018
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, DC 20549
Filing Desk
CROWN Americas LLC
Crown Americas Capital Corp. VI
Registration Statement on Form S-4
(File No. 333- )
Ladies and Gentlemen:
This letter is provided in connection with the Registration Statement on Form S-4, File No. 333- (the “Registration Statement”), of CROWN Americas LLC, a Pennsylvania limited liability company (“CROWN Americas”), Crown Americas Capital Corp. VI, a Delaware corporation (“Crown Americas Capital VI,” and together with CROWN Americas, the “Issuers”), Crown Holdings, Inc., a Pennsylvania corporation (“Crown Holdings”), and the guarantors listed on Schedule A hereto (together with Crown Holdings, the “Guarantors”). Upon the effectiveness of the Registration Statement, the Issuers and the Guarantors propose to offer to exchange an aggregate principal amount of up to $875,000,000 of the Issuers’ 4.75% Senior Notes due 2026 (the “Exchange Notes”) and the guarantees thereof by the Guarantors, for a like aggregate principal amount of the Issuers’ outstanding 4.75% Senior Notes due 2026 (the “Initial Notes”) and the guarantees thereof by the Guarantors, upon the terms and subject to the conditions set forth in the exchange offer prospectus contained in the Registration Statement.
The Issuers are registering the exchange offer in reliance on the staff’s position enunciated in Exxon Capital Holdings Corp. (avail. May 13, 1988) (the “Exxon Capital Letter”). Please be advised that the Issuers have not entered into any arrangement or understanding with any person to distribute the Exchange Notes to be received in the exchange offer and, to the best of the Issuers’ information and belief, each person participating in the exchange offer is acquiring the Exchange Notes in its ordinary course of business and is not engaged in, does not intend to engage in and has no arrangement or understanding with any person to participate in the distribution of the Exchange Notes. In this regard, the Issuers will make each person
participating in the exchange offer aware that if such person is participating in the exchange offer for the purpose of distributing the Exchange Notes, such person (i) could not rely on the staff position enunciated in the Exxon Capital Letter or interpretive letters to similar effect and (ii) must comply with registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the “Securities Act”), in connection with a secondary resale transaction, and must be identified as an underwriter in the prospectus. The Issuers acknowledge that such a secondary resale transaction by such person participating in the exchange offer for the purpose of distributing the Exchange Notes should be covered by an effective registration statement containing the selling security holder information required by Item 507 of Regulation S-K.
In addition, the Issuers will (i) make each person participating in the exchange offer aware (through the exchange offer prospectus) that any broker-dealer who holds Initial Notes acquired for its own account as a result of market-making activities or other trading activities, and who receives Exchange Notes in exchange for such Initial Notes pursuant to the exchange offer, may be a statutory underwriter and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Notes and (ii) include in the transmittal letter to be executed by an exchange offeree in order to participate in the exchange offer provisions to the following effect:
If the undersigned is a broker-dealer that will receive Exchange Notes for its own account in exchange for Initial Notes that were acquired as a result of market-making activities or other trading activities, it acknowledges that (1) it has not entered into any arrangement or understanding with the Issuers or an affiliate of the Issuers to distribute the Exchange Notes and (2) it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale or transfer of such Exchange Notes; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.
Very truly yours,
CROWN AMERICAS LLC
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CORRESP 1 filename1.htm CORRESP CROWN AMERICAS LLC CROWN AMERICAS CAPITAL CORP. VI c/o Crown Holdings, Inc. 770 Township Line Road Yardley, PA 19067 USA Telephone: (215) 698-5100 December 6, 2018 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Filing Desk CROWN Americas LLC Crown Americas Capital Corp. VI Registration Statement on Form S-4 (File No. 333- ) Ladies and Gentlemen: This letter is provided in connection with the Registration Statement on Form S-4, File No. 333- (the “Registration Statement”), of CROWN Americas LLC, a Pennsylvania limited liability company (“CROWN Americas”), Crown Americas Capital Corp. VI, a Delaware corporation (“Crown Americas Capital VI,” and together with CROWN Americas, the “Issuers”), Crown Holdings, Inc., a Pennsylvania corporation (“Crown Holdings”), and the guarantors listed on Schedule A hereto (together with Crown Holdings, the “Guarantors”). Upon the effectiveness of the Registration Statement, the Issuers and the Guarantors propose to offer to exchange an aggregate principal amount of up to $875,000,000 of the Issuers’ 4.75% Senior Notes due 2026 (the “Exchange Notes”) and the guarantees thereof by the Guarantors, for a like aggregate principal amount of the Issuers’ outstanding 4.75% Senior Notes due 2026 (the “Initial Notes”) and the guarantees thereof by the Guarantors, upon the terms and subject to the conditions set forth in the exchange offer prospectus contained in the Registration Statement. The Issuers are registering the exchange offer in reliance on the staff’s position enunciated in Exxon Capital Holdings Corp. (avail. May 13, 1988) (the “Exxon Capital Letter”). Please be advised that the Issuers have not entered into any arrangement or understanding with any person to distribute the Exchange Notes to be received in the exchange offer and, to the best of the Issuers’ information and belief, each person participating in the exchange offer is acquiring the Exchange Notes in its ordinary course of business and is not engaged in, does not intend to engage in and has no arrangement or understanding with any person to participate in the distribution of the Exchange Notes. In this regard, the Issuers will make each person participating in the exchange offer aware that if such person is participating in the exchange offer for the purpose of distributing the Exchange Notes, such person (i) could not rely on the staff position enunciated in the Exxon Capital Letter or interpretive letters to similar effect and (ii) must comply with registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the “Securities Act”), in connection with a secondary resale transaction, and must be identified as an underwriter in the prospectus. The Issuers acknowledge that such a secondary resale transaction by such person participating in the exchange offer for the purpose of distributing the Exchange Notes should be covered by an effective registration statement containing the selling security holder information required by Item 507 of Regulation S-K. In addition, the Issuers will (i) make each person participating in the exchange offer aware (through the exchange offer prospectus) that any broker-dealer who holds Initial Notes acquired for its own account as a result of market-making activities or other trading activities, and who receives Exchange Notes in exchange for such Initial Notes pursuant to the exchange offer, may be a statutory underwriter and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Notes and (ii) include in the transmittal letter to be executed by an exchange offeree in order to participate in the exchange offer provisions to the following effect: If the undersigned is a broker-dealer that will receive Exchange Notes for its own account in exchange for Initial Notes that were acquired as a result of market-making activities or other trading activities, it acknowledges that (1) it has not entered into any arrangement or understanding with the Issuers or an affiliate of the Issuers to distribute the Exchange Notes and (2) it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale or transfer of such Exchange Notes; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. Very truly yours, CROWN AMERICAS LLC CROWN AMERICAS CAPITAL CORP. VI By: /s/ Kevin C. Clothier Kevin C. Clothier Vice President and Treasurer Schedule A Guarantors CROWN Beverage Packaging Puerto Rico, Inc. Crown Consultants, Inc. Crown Cork & Seal Company (DE), LLC Crown Cork & Seal Company, Inc. Crown Financial Corporation Crown International Holdings, Inc. CROWN Packaging Technology, Inc. Foreign Manufacturers Finance Corporation CROWN Cork & Seal USA, Inc. CR USA, Inc. Crown Beverage Packaging, LLC Kiwiplan Inc. Package Design and Manufacturing, Inc. Signode Industrial Group LLC Signode Pickling Holding LLC Signode US IP Holdings LLC Signode Industrial Group US Inc. Signode Industrial Group Holdings US Inc. Signode International IP Holdings LLC