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BERY - Berry Global Group prices $750M first lien debt offering
Berry Global Group Inc.
Berry Global, a wholly owned subsidiary of Berry Global Group (BERY) has priced the private placement of $750M of first priority 1.57% senior secured notes due January 15, 2026.Offering is expected to close on December 22. Interest will be payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on July 15, 2021.Proceeds will be used to prepay a portion of certain existing term loans of the Issuer and to pay certain fees and expenses related to the offering.