April 22, 2018 10:30 PM ET

Containers and Packaging

Company Overview of Berry Global, Inc.

Company Overview

Berry Global, Inc. manufactures and sells plastic consumer packaging, and nonwoven specialty and engineered materials. The company offers containers; plastic drink cups and lids; closures and over caps; bottle and prescription vials; extruded and laminate tubes; and food and consumer films. It also provides cloth and foil tapes, liners of splicing and laminating tapes, flame-retardant tapes, vinyl-coated and carton sealing tapes, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; drop cloths and retail trash bags; and polyvinyl chloride films and boxed products. In addition, the company offers trash-can liners and food bags for offices, restaurants, scho...

101 Oakley Street

Evansville, IN 47710

United States

Founded in 1967

Phone:

812-424-2904

Fax:

812-424-0128

Key Executives for Berry Global, Inc.

Chairman, CEO, Chairman of Berry Plastics Group Inc and CEO of Berry Plastics Group Inc
Age: 61
President of Engineered Materials Division
Age: 54
President of Rigid Closed Top Division
Age: 51
Vice President and General Counsel
Age: 57
Vice President of Communications
Compensation as of Fiscal Year 2017.

Berry Global, Inc. Key Developments

Berry Global, Inc. Issues $500 Million Aggregate Principal Amount of 4.500% Second Priority Senior Secured Notes Due 2026

Berry Global Group, Inc. via its direct, wholly owned subsidiary, Berry Global, Inc. issued $500 million aggregate principal amount of 4.500% second priority senior secured notes due 2026 (the “Notes”) pursuant to an indenture, dated as of January 26, 2018, between BGI, Berry and certain of Berry’s subsidiaries as guarantors (the “Subsidiary Guarantors”, and together with Berry, the “Guarantors”), and U.S. Bank, National Association as trustee (the “Indenture”). The Notes are senior obligations of BGI, have the benefit of the second priority security interest in the Second Priority Collateral described below and will mature on February 15, 2026. The Notes bear interest at a rate of 4.500% per annum, payable semiannually, in cash in arrears, on February 15 and August 15 of each year, commencing on August 15, 2018, to holders of record at the close of business on February 1 or August 1, as the case may be, immediately preceding the interest payment date. In addition, prior February 15, 2021, BGI may redeem the Notes at its option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail or sent electronically to each holder’s registered address, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium (as defined in the Indenture) as of, and accrued and unpaid interest and additional interest, if any, to, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

Berry Global, Inc. Prices $500 Million Second Priority Senior Secured Notes Private Offering

Berry Global Group, Inc. announced the pricing of the private offering launched January 19, 2018 by its wholly owned subsidiary Berry Global, Inc. (Issuer). The Issuer will issue $500 million of second priority senior secured notes due 2026. The closing of the private offering is expected to occur on or about January 26, 2018. The Notes will bear interest at a rate of 4.500% payable semiannually, in cash in arrears, on February 15 and August 15 of each year, commencing August 15, 2018 and will mature on February 15, 2026. The Notes will be guaranteed by Berry and each of the Issuer’s existing and future direct or indirect domestic subsidiaries that guarantee the Issuer’s senior secured credit facilities and existing second priority senior secured notes, subject to certain exceptions. The net proceeds from the offering are intended to be used to fund the cash consideration due in respect of the acquisition of all of the equity of Clopay Plastic Products Company, Inc.

Berry Global, Inc. Plans to Issue $400 Million of Second Priority Senior Secured Notes Due 2026

Berry Global Group, Inc. announced that Berry Global, Inc. plans to issue $400 million of second priority senior secured notes due 2026 (the 'Notes'). Berry intends to use the net proceeds from the offering to fund a portion of the cash consideration due in respect of the previously announced acquisition of Clopay Plastic Products Company, Inc. and to pay related fees and expenses. The consummation of the Clopay Acquisition is not a condition to the closing of the offering. If the Clopay Acquisition is not completed, Berry intends to use the net proceeds of the offering to repay debt under its senior secured credit facilities and for general corporate purposes. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

Similar Private Companies By Industry

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Recent Private Companies Transactions

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