---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-115972"
form_type: "8-K"
ticker: null
cik: "0002021031"
company_name: "Treasure Holdco, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:04:40.910338+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-115972
- form_type: 8-K
- cik: 0002021031
- company_name: Treasure Holdco, Inc.
- filed_at: 2024-11-08T23:59:59+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, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/0001104659-24-115972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/tm2427983d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-115972
- JSON: https://secwatch.observer/filing/0001104659-24-115972.json
- Plain text: https://secwatch.observer/filing/0001104659-24-115972.txt

## Key facts
- Executive change
  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
  source text: Jason K. Greene resigned from his positions as Director, Executive Vice President, Chief Counsel and Secretary of Spinco
  evidence_url: https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/0001104659-24-115972-index.htm
- Executive change
  Mark W. Miles resigned as Director at Treasure Holdco, Inc..
  - Action: resigned
  - Role: Director
  source text: Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco
  evidence_url: https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/0001104659-24-115972-index.htm
- Executive change
  Kevin J. Kwilinski resigned as Director at Treasure Holdco, Inc..
  - Action: resigned
  - Role: Director
  source text: Kevin J. Kwilinski and Mark W. Miles each resigned from their positions as Director of Spinco
  evidence_url: https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/0001104659-24-115972-index.htm

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