secwatch.observer — SEC 8-K summary
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Issuer:     Pactiv Evergreen Inc. (—)
CIK:        0001527508
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0000950170-25-048426
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 5.01, 5.02, 5.03, 2.03, 3.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pactiv Evergreen completes acquisition by Novolex at $18.00/share; delists from Nasdaq
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- Merger closed April 1, 2025; shareholders received $18.00 per share in cash, aggregate consideration ~$2.75B.
- CEO Michael J. King, CFO Jonathan Baksht resign; Stanley Bikulege named CEO, Dennis Norman CFO.
- Company notified Nasdaq to delist shares; intends to file Form 15 to suspend SEC reporting.
- New debt issued: $1.415B 6.750% Senior Secured Notes due 2032, plus other notes and term loans.
- Existing Pactiv credit facility and notes terminated; all outstanding debt repaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527508/000095017025048426/0000950170-25-048426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527508/000095017025048426/ptve-20250401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-048426

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