New Issue: Bemis sells $300 million 3.1% 10-year notes at 150 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., Sept. 8 – Bemis Co., Inc. sold $300 million of 3.1% 10-year senior notes with a spread of 150 basis points over Treasuries on Thursday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa2/BBB) priced at 99.829 to yield 3.12%.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC, BofA Merrill Lynch, U.S. Bancorp Investments, Inc. and Wells Fargo Securities LLC were the bookrunners.

Proceeds will be used to repay a portion of the company’s commercial paper and for general corporate purposes.

The diversified packaging company is based in Neenah, Wis.

Issuer:	Bemis Co., Inc.
Amount:	$300 million
Description:	Senior notes
Maturity:	Sept. 15, 2026
Bookrunners:	BNP Paribas Securities Corp., J.P. Morgan Securities LLC, BofA Merrill Lynch, U.S. Bancorp Investments, Inc., Wells Fargo Securities LLC
Co-managers:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC, Loop Capital Markets LLC, SMBC Nikko Securities America, Inc., Williams Capital Group, LP
Coupon:	3.1%
Price:	99.829
Yield:	3.12%
Spread:	Treasuries plus 150 bps
Call features:	Before June 15, 2026 at greater of par and Treasuries plus 25 bps; on or after June 15, 2026 at par
Trade date:	Sept. 8
Settlement date:	Sept. 15
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	SEC registered

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