---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-023554"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:25:06.947053+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Glatfelter enters €250M term loan facility with Angelo Gordon at 11.25% interest

## Summary
- €250M senior secured term loan facility from Angelo Gordon; 6-year term, 11.25% fixed rate.
- Proceeds to refinance existing term loan, for working capital and general corporate purposes.
- Prepayment premiums: make-whole first 18 months, then 5.5% (months 19-36), 2.75% (months 37-48), thereafter par.
- Collateral: first priority on foreign assets, second priority on domestic assets; guarantees from domestic and foreign subsidiaries.
- Interest may be paid in kind (5% PIK) for first two years at borrower's election.

## SEC filing metadata
- accession: 0001104659-23-023554
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000110465923023554/0001104659-23-023554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000110465923023554/tm237385d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-023554
- JSON: https://secwatch.observer/filing/0001104659-23-023554.json
- Plain text: https://secwatch.observer/filing/0001104659-23-023554.txt

## Key facts
- Material Agreements
  Magnera Corp entered into Term Loan Facility Commitment Letter with Angelo, Gordon & Co., L.P. valued at €250,000,000.00 (effective 2023-02-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Angelo, Gordon & Co., L.P.
  - Value: €250,000,000.00
  - Effective: 2023-02-20
  source text: On February 20, 2023, Glatfelter Corporation, (“ Parent ”), entered into a Commitment Letter (the “ Term Loan Facility Commitment Letter ”), by and among Parent, Glatfelter Luxembourg S.à r.l. (“ Borrower ”) and Angelo, Gordon & Co., L.P. (“ Angelo Gordon ”), as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465923023554/0001104659-23-023554-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.