Berry Global elects to redeem another $100 million 4½% notes due 2026

Chicago, April 29 – Berry Global Group, Inc. subsidiary Berry Global, Inc. gave notice that it plans to redeem an additional $100 million of its outstanding 4½% second-priority senior secured notes due 2026 on May 28, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 102.25 plus accrued interest to the redemption date using cash on hand.

Berry recently issued a notice for redemption of $100 million of notes on May 7, at the same 102.25 redemption price.

Following the May 28 redemption, Berry expects $300 million of the notes will remain outstanding.

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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