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Reported Earlier, Berry Global And Glatfelter Upsize Senior Secured Notes To $800M Ahead Of Strategic Merger Into Magnera

Benzinga ·  Oct 11 17:55

The size of the offering reflects an increase of $300 million in aggregate principal amount of the Notes from the previously announced offering size of $500 million. The Notes will be issued in lieu of the same amount of debt previously intended to be provided under the new term loan facility to be entered into by Treasure Holdco, Inc. ("Spinco") and to be assumed by Magnera in conjunction with and assuming the closing of the Transaction.

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