Berry Global to redeem $100 million 5 1/8% notes due 2023 at 101.281

By Sarah Lizee

Olympia, Wash., July 17 – Berry Global Group, Inc. subsidiary Berry Global, Inc. elected to redeem $100 million of its outstanding 5 1/8% second priority senior secured notes due 2023 on Aug. 16, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 101.281 plus accrued interest to the redemption date.

Following the redemption, $600 million in of the notes will remain outstanding.

The company intends to fund the redemption amount with cash on hand.

Berry is an Evansville, Ind.-based supplier of non-woven, flexible and rigid products used within consumer and industrial end markets.

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