Citigroup rescues Crown, Cork & Seal debt plan

Citigroup has agreed to stump up a $125m (€103m) emergency loan for Crown, Cork & Seal, a US packaging company, after investors baulked at the company's plans to raise €460m in the European bond market.

Crown, Cork & Seal scaled back the size of the junk bond issue to €350m following investor feedback that the original deal was too big and too expensive.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump