Berry braves UK election week to launch €725m refi

RPC plastic.jpg
By Karoliina Liimatainen
09 Dec 2019

Another packaging company is hunting for better financing terms in the issuer-friendly European high yield bond market. Berry Global follows companies such as Crown, Ball, Smurfit Kappa, Owen-Illinois and Ardagh with an ambitious refinancing that could be priced as early as Thursday — the day of the UK general election.

Berry Global, the Ba3/BB+ rated Indiana-based Fortune 500 packaging company, is issuing €725m of senior secured first-lien notes in five and seven year tranches. The notes are non-callable for two and three years, consecutively.

Citi is the left lead on the issue with Goldman Sachs, Wells Fargo, Barclays, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.