US08579W1036 - Common Stock
Citigroup Inc. and Wells Fargo & Co. are preparing a $2 billion debt package to support Berry Global Group Inc.’s spinoff of the majority of its health, hygiene and specialties business with Glatfelter Corp., according to a person with knowledge of the matter.
Sealed Air's stock rises as vague takeover rumors circulate, potentially attracting interest due to a 28% decline and lack of CEO announcement.
The packaging solutions company is battling macroheadwinds and inflation.
Berry Global and Glatfelter announce plans for tax-free spin-off and merger, creating a new publicly-traded specialty materials company.
Berry Global Group reported lower-than-expected Q1 results, with non-GAAP EPS missing by $0.09 and revenue missing by $90M.
Berry Global Group (BERY) declares $0.275/share quarterly dividend, in line with previous. Forward yield 1.67% Payable March 15; for shareholders of record March 1; ex-div Feb. 29.
Berry Global's unit has launched an exchange offer for up to $500M of its new Senior Secured Notes, to be exchanged for existing notes.
Berry Global has priced a private placement for its first priority senior secured notes, issuing $800M with an interest rate of 5.650% due 2034.
Berry Global Group plans to issue first priority senior secured notes to repay existing debt and cover fees and expenses.
Jefferies predicts upside for the paper and packaging sector in 2024, highlighting potential share price gains and rising containerboard prices.
Berry Global Group's Q4 results exceed expectations with Non-GAAP EPS beating estimates by $0.14, but revenue falls short by $50M.