Amcor Flexibles North America, Inc. completed the issuance of $750 million 4.250% Guaranteed Senior Notes due 2029 and $750 million 5.125% Guaranteed Senior Notes due 2036, guaranteed by Amcor plc and several subsidiaries including Berry Global entities. Net proceeds of approximately $1,489 million will repay 2026 maturities and other debt.
Key takeaways
$1.5 billion total principal issued: $750M 4.250% Notes due March 8, 2029; $750M 5.125% Notes due March 12, 2036
Guaranteed by Amcor plc, Amcor UK Finance plc, Amcor Group Finance plc, Amcor International UK plc, Amcor Finance (USA), Inc., Berry Global Group, Inc., and Berry Global, Inc.
Net proceeds ~$1,489 million after underwriting discount and expenses
Use of proceeds: repay Issuer's $600M 3.625% Notes due 2026 and BGI's $750M 4.875% Notes due 2026, remainder for commercial paper and general corporate purposes
Underwriting Agreement dated March 5, 2026 with Goldman Sachs & Co. LLC and J.P. Morgan as representatives
Indenture dated March 10, 2026 with U.S. Bank Trust Company, N.A. as Trustee