---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-113965"
form_type: "8-K"
ticker: null
cik: "0001378992"
company_name: "BERRY GLOBAL GROUP, INC."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:54:31.571968+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berry completes spin-off and merger of HHNF business with Glatfelter to form Magnera

## Summary
- Berry distributed one share of Spinco common stock per BERY share held as of Nov 1, 2024; then Spinco merged with Glatfelter subsidiary.
- Magnera (NYSE: MAGN) begins trading Nov 5; Berry holders receive 0.276305 MAGN shares per BERY share, owning ~90% of Magnera fully diluted.
- Magnera assumed $785M term loan facility (7-year) and $350M revolving credit facility; also $800M of 7.250% senior secured notes due 2031.
- Rick Rickertsen resigned from Berry board effective Nov 4 to serve on Magnera board.
- Berry retains consumer-focused packaging business; HHNF transfer solidifies portfolio focus on packaging solutions.

## SEC filing metadata
- accession: 0001104659-24-113965
- form_type: 8-K
- cik: 0001378992
- company_name: BERRY GLOBAL GROUP, INC.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378992/000110465924113965/0001104659-24-113965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378992/000110465924113965/tm2427366d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-113965
- JSON: https://secwatch.observer/filing/0001104659-24-113965.json
- Plain text: https://secwatch.observer/filing/0001104659-24-113965.txt

## Key facts
- Executive change
  Rick Rickertsen resigned as director at BERRY GLOBAL GROUP, INC..
  - Action: resigned
  - Role: director
  source text: Rick Rickertsen announced that he has determined to resign from his position as a director of the Company, effective November 4, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378992/000110465924113965/0001104659-24-113965-index.htm
- M&A Transactions
  BERRY GLOBAL GROUP, INC. completed a disposition involving Spinco (closed 2024-11-04).
  - Action: disposition
  - Counterparty: Spinco
  - Closing: 2024-11-04
  source text: the Company transferred the business, operations, and activities that constitute the majority of its Health, Hygiene, and Specialties segment to include its global nonwovens and hygiene films business (the “HHNF Business”) , subject to certain exceptions as set forth in the Separation Agreement, to Spinco (the “Separation”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378992/000110465924113965/0001104659-24-113965-index.htm

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