debt
confidence high
sentiment neutral
materiality 0.40
Amcor launches consent solicitations to amend Berry notes indentures
Amcor plc
- Consent solicitations on five series of Berry notes: 1.50% 2027 EUR, 1.65% 2027 USD, 5.50% 2028, 5.80% 2031, 5.65% 2034.
- Consent payment of $2.50 per $1,000 principal per series, payable upon Merger consummation.
- Deadline: March 5, 2025 at 5:00 PM NY time; required consent is 66 2/3% of each series.
- Amendments would release liens and Berry guarantee if Amcor provides parent guarantee, aligning credit support.
- Merger consummation not conditioned on these consent solicitations.