debt
confidence high
sentiment neutral
materiality 0.65
Amcor subsidiary prices $2.2B senior notes to repay Berry debt in merger financing
Amcor plc
- Three tranches: $725M at 4.800% due 2028, $725M at 5.100% due 2030, $750M at 5.500% due 2035.
- Offering expected to close March 17, 2025, subject to customary conditions.
- Proceeds to repay certain existing indebtedness of Berry Global Group in connection with Amcor's pending merger with Berry.
- Notes (except 2028) subject to special mandatory redemption if merger not consummated within 5 business days after Outside Date.