secwatch.observer — SEC 8-K summary
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Issuer:     Treasure Holdco, Inc. (—)
CIK:        0002021031
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/0001104659-24-115972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2021031/000110465924115972/tm2427983d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115972

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer