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Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonw...

Glatfelter Corporation (GLT) 
Last glatfelter corporation earnings: 2/6 07:02 am Check Earnings Report
Company Research Source: GlobeNewswire
EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Treasure Escrow Corporation (the “Issuer”), currently an indirect, wholly owned subsidiary of Berry, priced and upsized its previously announced offering to $800 million aggregate principle amount of its senior secured notes due 2031 (the “Notes”). The Notes are being offered by the Issuer in connection with the previously announced merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter, in a Reverse Morris Trust transaction (the “Transaction”). In connection with the closing of the Transaction, the combined company will be renamed Magnera Corporation (“Magnera”), and the obligations of the Issuer under the Notes will be ultimately assumed by Magnera (the “Magnera Assumption”). The Notes are not and will not be obligations of Berry or its wholly Show less Read more
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