Amcor Flexibles plans senior notes due 2025 via seven bookrunners

By Devika Patel

Knoxville, Tenn., May 10 – Amcor Flexibles North America, Inc. is expected to sell fixed-rate senior notes due 2025, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

BNP Paribas Securities Corp., BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Mizuho Securities USA Inc. and Wells Fargo Securities LLC are the bookrunners.

The notes are guaranteed by Amcor plc, Amcor Finance (USA), Inc., Amcor UK Finance plc and Amcor Pty Ltd.

Deutsche Bank Trust Co. Americas is the trustee.

Counsel to the issuer is provided by Perkins Coie LLP (New York), Armstrong Teasdale LLP (Missouri), Ogier (Jersey) LLP (Jersey), Herbert Smith Freehills Australian partnership (Australia) and Herbert Smith Freehills LLP (England). Counsel to the underwriters is provided by Sullivan & Cromwell LLP.

Proceeds will be used to repay some commercial paper and for general corporate purposes, which may include debt repayment.

Amcor Flexibles 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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