Berry Global to repay some term loans using proceeds from new notes

By Sarah Lizee

Olympia, Wash., Dec. 9 – Berry Global Group Inc. plans to repay some existing term loans using proceeds from a new offering of notes, according to a press release.

The company announced Monday that it plans to sell €725 million of first-priority senior secured notes due 2025 and 2027.

Cash on hand will also be used for the loan repayment.

Berry Global is an Evansville, Ind.-based manufacturer and marketer of plastic packaging products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.