secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001104659-24-114009
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 1.02, 2.01, 2.03, 4.01, 5.01, 5.02, 5.03, 5.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnera closes spin-off merger with Berry's HHNF Business, takes on $800M notes
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- Berry separated and spun off its HHNF Business; Spinco merged into Magnera (formerly Glatfelter) on Nov 4, 2024.
- Magnera assumed $800M 7.250% senior notes due 2031 and entered into $785M term loan and $350M ABL facility.
- Company renamed Magnera Corporation; existing common stock underwent a reverse stock split.
- Prior Glatfelter credit agreements (Fourth Amended and Restated Credit Agreement, 11.25% Term Loan) repaid and terminated.
- Transition Services Agreement with Berry for up to 12 months to facilitate integration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/tm2427380d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114009

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