Amcor plc announced on March 13, 2025, that its wholly-owned subsidiary, Amcor Flexibles North America, Inc. (AFNA), priced a private offering of guaranteed senior notes totaling $2.2 billion. The offering includes $725 million of 4.800% Guaranteed Senior Notes due 2028, $725 million of 5.100% Guaranteed Senior Notes due 2030, and $750 million of 5.500% Guaranteed Senior Notes due 2035.
The offering is expected to close on March 17, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of AFNA and unconditionally guaranteed by Amcor and certain of its subsidiaries.
Amcor intends to use the net proceeds from this offering to repay certain existing indebtedness of Berry Global Group, Inc. in connection with the closing of the previously announced merger between Amcor and Berry. This financing is a crucial step in the integration process of the two companies.
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