other material
confidence high
sentiment neutral
materiality 0.65
Amcor closes $3.75B credit facility and obtains consents to amend Berry's notes
Amcor plc
- New $3.75B unsecured revolving credit facility matures March 3, 2030; extendable twice by one year each.
- Previous $3.75B facilities (three-year and five-year) terminated; no outstanding amounts or penalties incurred.
- Requisite consents obtained from holders of all five series of Berry's notes to amend indentures; supplemental indentures executed.
- Consent payments of €2.50 per €1,000 (EUR notes) and $2.50 per $1,000 (USD notes) payable only if merger consummated.