Berry Global’s Early Tender Results for 4.875% Senior Notes

Berry Global Group, Inc. (NYSE: BERY) announced early tender results for its tender offer (the “Tender Offer”) to purchase its outstanding 4.875% First Priority Senior Secured Notes due 2026 (the “Notes”).

As of the Early Tender Time on May 24, 2024, $935,554,000 of Notes had been validly tendered, exceeding the Maximum Tender Amount. Withdrawal rights expired at the same time.

Due to oversubscription, a proration rate of approximately 53.48% will be applied to Notes tendered by the Early Tender Time.

The Early Tender Consideration, calculated with reference to the fixed spread and the yield to maturity of the U.S. Treasury Reference Security, will be determined by the Price Determination Time on May 28, 2024.

Settlement of accepted Notes is expected to occur on May 29, 2024, subject to satisfying all conditions, including a financing condition.

Goldman Sachs & Co. LLC is acting as the Dealer Manager, and Global Bondholder Services Corporation is the depositary and information agent for the Tender Offer.

This announcement does not constitute an offer to sell securities. The Tender Offer is made in accordance with the Offer to Purchase and applicable law.

Following the Tender Offer, the Company may engage in additional transactions involving the Notes.

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