{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-011685","form_type":"8-K","ticker":"MAGN","cik":"0000041719","company_name":"Magnera Corp","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.614389+00:00","generated_at":"2026-06-06T07:25:06.774301+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Glatfelter merges with Berry's HHNF in $3.6B Reverse Morris Trust; GLT holders get 10%","bullets":["Transaction valued at $3.6B enterprise value; pro forma revenue ~$3.6B, Adj. EBITDA ~$455M.","Glatfelter shareholders own 10% of combined company; Berry shareholders via Spinco own 90%.","Berry receives ~$1B cash distribution at closing; cost synergies target >=$50M by year three.","Pro forma net leverage 4x; Spinco enters $1.585B term loan and $250M ABL facility.","Curt Begle, President of Berry HHNF, to become CEO of combined company."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-011685","json":"https://secwatch.observer/filing/0001104659-24-011685.json","markdown":"https://secwatch.observer/filing/0001104659-24-011685.md","text":"https://secwatch.observer/filing/0001104659-24-011685.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/41719/000110465924011685/0001104659-24-011685-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/41719/000110465924011685/tm245431d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:25:06.774301+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"241b05ff3c07368aaff64d74b9bf69d231ec268f","claim":"Magnera Corp entered into RMT Transaction Agreement with Berry Global Group, Inc. and Treasure Holdco, Inc. (effective 2024-02-06).","evidence_excerpt":"a Reverse Morris Trust (“ RMT ”) Transaction Agreement, dated as of February 6, 2024 (the “ RMT Transaction Agreement ”), by and among the Company, Merger Subs, Berry and Spinco","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/41719/000110465924011685/0001104659-24-011685-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Berry Global Group, Inc. and Treasure Holdco, Inc."},{"label":"Effective","value":"2024-02-06"}],"fact_type":"material_agreement"},{"claim_id":"543c52dad1f77bfade6314ce7e1ccb9809cb047d","claim":"Magnera Corp entered into Separation and Distribution Agreement with Berry Global Group, Inc. and Treasure Holdco, Inc. (effective 2024-02-06).","evidence_excerpt":"a Separation and Distribution Agreement, dated as of February 6, 2024 (the “ Separation Agreement ”), by and among the Company, Berry and Spinco","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/41719/000110465924011685/0001104659-24-011685-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Berry Global Group, Inc. and Treasure Holdco, Inc."},{"label":"Effective","value":"2024-02-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}