Amcor (AMCR) said Wednesday it has initiated a consent solicitation to obtain noteholders' approval for proposed changes to the indentures governing multiple series of senior secured notes issued by Berry Global (BERY), following their merger agreement announced on Nov. 19.
The solicitations propose amendments to permit the release of Berry's collateral liens and parent guarantee, contingent on Amcor offering an unconditional guarantee of Berry's payment obligations.
The notes include 1.50% first priority senior secured notes due 2027, 1.65% first priority senior secured notes due 2027, 5.50% first priority senior secured notes due 2028, 5.800% first priority senior secured notes due 2031, and 5.650% first priority senior secured notes due 2034.
The record date is Feb. 25 and the solicitations will expire on March 5.
If at least two-thirds of noteholders consent to the proposed amendments without revoking before March 5, and all conditions are met or waived by Amcor, Berry will enter into a supplemental indenture, the company said.
Price: 10.26, Change: +0.06, Percent Change: +0.61
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。