Amcor Flexibles talks 10-year notes at Treasuries plus 125 bps area

By Cristal Cody

Chicago, May 18 – Amcor Flexibles North America, Inc. announced that the company is planning to sell senior notes due May 25, 2031 in a 424B5 filed with the Securities and Exchange Commission on Tuesday.

The notes are being marketed with a spread in the Treasuries plus 125 basis points area, a market source said.

Guarantees will come from Amcor plc, Amcor Finance (USA), Inc., Amcor UK Finance plc and Amcor Pty Ltd.

The notes have a make-whole call and a par call.

BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are active bookrunners for the offering.

Passive bookrunners are listed as BNP Paribas Securities Corp., MUFG, TD Securities (USA) LLC and Wells Fargo Securities, LLC.

Proceeds will be used to repay or redeem notes due 2021 and potentially for the repayment of other short- and long-term debt.

Amcor Flexibles was formerly known as Bemis Co., Inc. and is a wholly owned subsidiary of Amcor plc. With headquarters in Oshkosh, Wis., the company produces a broad range of packaging products.

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