debt
confidence high
sentiment neutral
materiality 0.70
Amcor unit issues $2.2B senior notes to fund Berry Global merger
Amcor plc
- $725M 4.800% notes due 2028, $725M 5.100% notes due 2030, $750M 5.500% notes due 2035.
- Net proceeds to repay Berry Global's existing indebtedness upon merger close.
- Bridge facility commitments terminated after notes issuance; original Nov. 2024 facility.
- Special mandatory redemption at 101% if merger fails by Nov. 19, 2025 (or extended).
- Guaranteed by Amcor and certain subsidiaries; registered exchange offer rights granted.