A Berry Global (BERY) wholly owned subsidiary started an offer to exchange up to $1.6 billion of notes, the company said Tuesday.
The firm will exchange up to $800 million of new 5.65% priority senior secured notes due 2034 and up to $800 million 5.8% priority senior secured notes due 2031 for an equal amount of outstanding unregistered 5.65% senior secured notes due 2034 and unregistered 5.8% senior secured notes due 2031.
The company said the exchange offers will expire on Feb. 11.
Berry Global shares were down 1% in recent after-hours activity.
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