A Berry Global (BERY) wholly owned subsidiary started an offer to exchange up to $1.6 billion of notes, the company said Tuesday.
The firm will exchange up to $800 million of new 5.65% priority senior secured notes due 2034 and up to $800 million 5.8% priority senior secured notes due 2031 for an equal amount of outstanding unregistered 5.65% senior secured notes due 2034 and unregistered 5.8% senior secured notes due 2031.
The company said the exchange offers will expire on Feb. 11.
Berry Global shares were down 1% in recent after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.