Berry Global plans new issue of first priority senior secured notes

By Taylor Fox

New York, Jan. 11 – Berry Global Group Inc. plans to issue a new series of first-priority senior secured notes due 2024 (//BBB-) in a Rule 144A and Regulation S offering, according to a company news release.

Berry Global Inc., a wholly owned subsidiary of the company, will be the issuer of the securities.

The proceeds of the offering are intended to prepay a portion of certain existing term loans of the issuer and to pay certain fees and expenses related to the offering.

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

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