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Berry Global, Inc. - Tender Offer 2024 (US) - Early Tender Results
Berry Global Announces Early Tender Results of Tender Offer for Certain Outstanding 4.875% First Priority Senior Secured Notes Due 2026 - US085770AA31 - USU0740VAA18
27 MAY 2024
Full announcement, including disclaimers and disclosures, available via Berry Global Inc.
"EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the early tender results in respect of the previously announced tender offer (the “Tender Offer”) by Berry Global, Inc., its wholly owned subsidiary (the “Company”) to purchase for cash its outstanding 4.875% First Priority Senior Secured Notes due 2026 (the “Notes”).
Early Tender Results
As of 5:00 p.m., New York City time, on May 24, 2024 (such time and date, the “Early Tender Time”), according to information provided by Global Bondholder Services Corporation, the depository and information agent for the Tender Offer, the aggregate principal amount of the Notes set forth in the table below under “Principal Amount Tendered at Early Tender Time” had been validly tendered in the Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City Time, on May 24, 2024.
Priority of acceptance and proration
Since the principal amount of Notes tendered as of the Early Tender Time exceeds the Maximum Tender Amount, the Notes validly tendered at or prior to the Early Tender Time will be subject to proration as described in the section “The Terms of the Tender Offer—Maximum Tender Amount; Priority of Acceptance; Proration” of the Offer to Purchase using a proration rate of approximately 53.48%. The Company does not anticipate accepting for purchase any Notes validly tendered after the Early Tender Time."
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Berry Global Announces Tender Offer for Certain Outstanding 4.875% First Priority Senior Secured Notes Due 2026 - US085770AA31 - USU0740VAA18
13 MAY 2024
Full announcement, including disclaimers and disclosures, available via Berry Global Inc.
EVANSVILLE, Ind.--(BUSINESS WIRE)--May 13, 2024-- Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the commencement by Berry Global, Inc., its wholly owned subsidiary (the “Company”), of an offer to purchase for cash (the “Tender Offer”) up to $500,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 4.875% First Priority Senior Secured Notes due 2026 (the “Notes”).
The Tender Offer is being made pursuant to the terms and subject to the conditions, including a financing condition, set forth in the Offer to Purchase, dated as of May 13, 2024 (as may be amended or supplemented, the “Offer to Purchase”), which sets forth a more detailed description of the Tender Offer. Holders of the Notes are urged to read carefully the Offer to Purchase before making any decision with respect to the Tender Offer.
Up to $500,000,000 aggregate principal amount of the outstanding Notes listed below:"
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Berry Global Announces Consideration for and Upsizing of Tender Offer for 0.95% First Priority Senior Secured Notes due 2024
27 MARCH 2023
Full announcement, including disclaimers and disclosures, available via Berry
Berry Global Group, Inc. announced an upsizing of its tender offer for 0.95% First Priority Senior Secured Notes due 2024
The aggregate principal amount has been increased from $100,000,000 to $495,397,000.
The Early Settlement Date is expected to be March 30, 2023.
The final expiration time of the Tender Offer has been extended to 11:59 p.m., New York City time, on April 10, 2023.
The consideration for Notes that were validly tendered at or prior to the Early Tender Time is $964.15 per $1,000 principal amount.
Berry Global, Inc. Announces Extension of Early Tender Deadline for its 0.95% First Priority Senior Secured Notes due 2024
24 MARCH 2023
Full announcement available via Berry
"EVANSVILLE, Ind. – March 24, 2023 – Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today that it has amended its previously announced tender offer (the “Tender Offer”) to purchase for cash its outstanding 0.95% First Priority Senior Secured Notes due 2024 (the “Notes”) by extending the following dates and times with respect to the Tender Offer:
(i) the early tender time with respect to the Tender Offer to 5:00 p.m., New York City time, on March 24, 2023 (as extended, the “Early Tender Time”);
(ii) the price determination time with respect to the Tender Offer to 10:00 a.m., New York City time, on March 27, 2023 (as extended, the “Price Determination Time”); and
(iii) the final expiration time of the Tender Offer to 11:59 p.m., New York City time, on April 6, 2023 (as extended, the “Expiration Time”), unless earlier terminated."
Berry Global, Inc. Announces Tender Offer for Certain Outstanding 0.95% First Priority Senior Secured Notes Due 2024
08 MARCH 2023
Full announcement available via SEC
"EVANSVILLE, Ind. – March 8, 2023 – Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the commencement by Berry Global, Inc., its wholly owned subsidiary (the “Company”), of an offer to purchase for cash (the “Tender Offer”) up to $100,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 0.95% First Priority Senior Secured Notes due 2024 (the “Notes”).
The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase, dated as of March 8, 2023 (as may be amended or supplemented, the “Offer to Purchase”), which sets forth a more detailed description of the Tender Offer. Holders of the Notes are urged to read carefully the Offer to Purchase before making any decision with respect to the Tender Offer.
Up to $100,000,000 aggregate principal amount of the outstanding Notes listed below:"
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