Amcor Finance (USA) to price offering of guaranteed senior notes

By Marisa Wong

Los Angeles, May 17 – Amcor Finance (USA), Inc. plans to price an offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Amcor plc, Amcor UK Finance plc, Amcor Pty Ltd. and Amcor Flexibles North America, Inc.

The notes will feature an optional make-whole call, followed by an optional par call. The notes are also callable at par if there are changes to withholding taxes.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and UniCredit Capital Markets LLC are the joint bookrunners.

Deutsche Bank Trust Co. Americas is the trustee.

Perkins Coie LLP will advise the issuer on matters of New York and Delaware law; Ogier (Jersey) LLP will advise the company on matters of Jersey law; Herbert Smith Freehills will handle matters of Australian law; Herbert Smith Freehills LLP will be counsel for matters of English law; and Armstrong Teasdale LLP will advise on matters of Missouri law. Sullivan & Cromwell LLP will be counsel for the underwriters.

Proceeds will be used to repay a portion of the company’s commercial paper borrowings and for general corporate purposes, which may include the repayment of other short- and long-term debt.

Amcor is a U.K-based global packaging company. Wholly owned subsidiary Amcor Finance (USA) is based in Miramar, Fla.

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