Berry spin-off of HHNF business merges with Magnera; $1.585B new debt

Treasure Holdco, Inc.

Berry's HHNF business spun off and merged with Magnera; Berry shareholders received 1 Spinco share per Berry share, then converted to 0.276305 Magnera shares.
$800M 7.250% senior notes due 2031, $785M term loan, and $350M ABL revolver assumed by Magnera.
Three directors of Spinco resigned: Kevin Kwilinski, Mark Miles, Jason Greene.
Berry stockholders own ~90% of Magnera on fully diluted basis.

item 1.01 item 2.01 item 2.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jason K. Greene

Director, Executive Vice President, Chief Counsel and Secretary

Treasure Holdco, Inc.

Effective: 2024-11-04
Filed: November 8, 2024, 6:59 PM ET

Jason K. Greene resigned from his positions as Director, Executive Vice President, Chief Counsel and Secretary of Spinco

Departed

Mark W. Miles

Director

Treasure Holdco, Inc.

Effective: 2024-11-04
Filed: November 8, 2024, 6:59 PM ET

Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco

Departed

Kevin J. Kwilinski

Director

Treasure Holdco, Inc.

Effective: 2024-11-04
Filed: November 8, 2024, 6:59 PM ET

Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason K. Greene resigned as Director, Executive Vice President, Chief Counsel and Secretary at Treasure Holdco, Inc..

Action: resigned
Role: Director, Executive Vice President, Chief Counsel and Secretary

Exact text from the filing

Jason K. Greene resigned from his positions as Director, Executive Vice President, Chief Counsel and Secretary of Spinco

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark W. Miles resigned as Director at Treasure Holdco, Inc..

Action: resigned
Role: Director

Exact text from the filing

Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin J. Kwilinski resigned as Director at Treasure Holdco, Inc..

Action: resigned
Role: Director

Exact text from the filing

Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-24-115972

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