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

By Taylor Fox

New York, Aug. 3 – Berry Global Group, Inc. subsidiary Berry Global, Inc. elected to redeem $100 million more of its outstanding 5 1/8% second-priority senior secured notes due 2023 on Sept. 2, 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.

As previously reported, Berry also elected to redeem $100 million of the notes on Aug. 16.

Following both redemptions, $500 million of the notes will remain outstanding.

The company intends to fund the redemptions 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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