We live in a very weird world
EVANSVILLE, Ind.--(BUSINESS WIRE)--Dec. 12, 2019-- Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today the pricing of the private placement launched December 9, 2019, by its wholly owned subsidiary, Berry Global, Inc. (the “Issuer”). The Issuer will issue €700,000,000 of first priority senior secured notes due 2025 (the “2025 Notes”) and €375,000,000 of first priority senior secured notes due 2027 (the “2027 Notes” and together with the 2025 Notes, the “Notes”).The closing of the private placement offering is expected to occur on or about January 2, 2020.
The 2025 Notes will bear interest at a rate of 1.00%, payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on July 15, 2020. The 2025 Notes will mature on January 15, 2025.
The 2027 Notes will bear interest at a rate of 1.50%, payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on July 15, 2020. The 2027 Notes will mature on January 15, 2027.