Berry Global to redeem $100 million more 6% second-priority notes

By Rebecca Melvin

New York, Dec. 20 – Berry Global Group, Inc. said its Berry Global, Inc. subsidiary has elected to call $100 million more of its 6% second-priority senior secured notes due 2022 for redemption.

The notes will be redeemed on Jan. 21 at 101.5 plus accrued interest to the redemption date.

Following the redemption, $200 million of the notes will remain outstanding.

The redemption will be funded using cash on hand.

As previously reported, the company called $100 million of the 6% notes on Dec. 9, also at a price of 101.5 plus accrued interest to the redemption date.

Berry is an Evansville, Ind.-based supplier of non-woven, flexible and rigid products used within consumer and industrial end markets.

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