UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On December 20, 2019, Berry Global Group, Inc. (the “Company”) issued a press release announcing the redemption of $100 million aggregate principal amount of 6.00% Second Priority Senior Secured Notes due 2022 (the “Notes”) issued by Berry Global, Inc. (as successor to Berry Plastics Escrow Corporation) (“BGI”), a wholly owned subsidiary of the Company, a copy of which is filed herewith as Exhibit 99.1 and incorporated herein by reference.
On December 20, 2019, BGI delivered to the holders of the Notes a notice of redemption (the “Notice”), notifying those noteholders that, pursuant to Article 3 of the Indenture, dated as of October 1, 2015 (as amended, supplemented or otherwise modified from time to time, the “Indenture”) between BGI (as successor to Berry Plastics Escrow Corporation) and U.S. Bank National Association, as trustee, BGI has elected to redeem $100 million in aggregate principal amount of the outstanding Notes, in accordance with the terms of the Indenture and the Notes (the “Redemption Notes”).
Pursuant to the Notice, the Redemption Notes are called for redemption on January 21, 2020 (the “Redemption Date”). The redemption price for the Redemption Notes shall be equal to 101.500% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date (the “Redemption Amount”). Following such redemption, the Company expects that $200 million in aggregate principal amount of the Notes will remain outstanding. BGI intends to fund the Redemption Amount with cash on hand.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press Release dated December 20, 2019 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BERRY GLOBAL GROUP, INC. | ||
| (Registrant) | ||
| Dated: December 20, 2019 | By: | /s/ Jason K. Greene |
| Name: | Jason K. Greene | |
| Title: | Executive Vice President, Chief Legal Officer and Secretary | |