Amcor plc announced on March 5, 2025, the expiration and results of its solicitations of consents from holders of Berry Global, Inc.'s outstanding senior secured notes. Requisite consents were validly delivered for each series of notes, including EUR Notes, 2027 USD Notes, 2028 USD Notes, 2031 USD Notes, and 2034 USD Notes.
The successful solicitations mean Amcor has obtained the necessary consents to effect proposed amendments to the indentures governing these notes. On March 5, 2025, Berry Issuer entered into supplemental indentures to implement these amendments.
The consent payments, equal to €2.50 or $2.50 per $1,000 principal amount, will be paid to eligible holders upon the consummation of the merger. This step is vital for managing Berry's existing indebtedness in connection with the upcoming merger.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.