Berry Global Group, Inc. - BERY STOCK NEWS

Berry Global Group, Inc. (NYSE: BERY) has announced an investment exceeding $70 million to enhance its wipe substrate capabilities in the U.S. This initiative includes a new production line aimed at increasing capacity to better serve global customers. The investment is expected to support ongoing growth, particularly in the disinfectant wipes sector, which has seen a surge in demand due to COVID-19. Berry's proprietary Spinlace® technology will play a vital role in producing innovative nonwovens for multiple market segments, with commercialization targeted for the March quarter of 2023.

Berry Global Group, Inc. (NYSE: BERY) is set to release its first fiscal quarter 2021 results on February 5, 2021, prior to market opening. A conference call discussing the financial performance will occur at 10 a.m. ET on the same day. Interested parties can join the call using designated phone numbers or access the live webcast on the investor relations page of Berry's website. Berry Global, headquartered in Evansville, Indiana, is a Fortune 500 company, generating over $11.7 billion in net sales in fiscal 2020 and employing approximately 47,000 individuals globally.

Berry Global Group, Inc. (NYSE: BERY) announced the pricing of a private placement offering by its subsidiary, Berry Global, Inc., involving $800,000,000 of first priority senior secured notes due February 2024. The notes will have a 0.95% interest rate, payable semiannually, and are expected to close around January 15, 2021. Proceeds will be used to prepay certain existing term loans. The notes will be offered to qualified institutional buyers and are secured by liens on various assets.

Berry Global Group (NYSE:BERY) announced that its subsidiary plans to issue a new series of first priority senior secured notes due 2024. The proceeds will be used to prepay a portion of existing term loans and cover associated fees. The offering is directed at qualified institutional buyers under Rule 144A and non-U.S. investors per Regulation S. These notes are not registered under the Securities Act and cannot be sold in the U.S. without proper registration or exemption. This press release does not constitute an offer to sell or solicit any offer to buy securities.

Berry Global Group (NYSE: BERY) has entered into an agreement with Repsol to procure ISCC Plus certified circular polyolefins, sourced from post-consumer plastic waste. This collaboration will supply food-grade polypropylene for food and healthcare packaging, boosting sustainability efforts.

Both companies aim to enhance the circular economy, with Berry targeting 10% recycled content in its consumer goods packaging by 2025. Repsol aims to recycle 20% of its polyolefin production, reinforcing its net-zero by 2050 commitment.

Berry Global Group, Inc. (NYSE:BERY) announced the pricing of a private placement by its subsidiary, Berry Global, Inc., issuing $750 million of senior secured notes due in 2026. The notes carry an interest rate of 1.57%, payable semiannually, with a closing date anticipated around December 22, 2020. Proceeds will be used to prepay existing term loans and cover related fees. The notes are only offered to qualified institutional buyers under Rule 144A and are secured by various assets, with certain guarantees from Berry and its subsidiaries.

Berry Global Group (NYSE:BERY) has announced plans for its subsidiary to issue a new series of first priority senior secured notes. The net proceeds will be used to prepay part of existing term loans and cover offering-related fees. These notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. Importantly, they are not registered under the Securities Act. This press release does not constitute an offer to sell or solicit securities in any unlawful jurisdiction.

Berry Global Group, Inc. (NYSE:BERY) reported strong fourth quarter and fiscal year 2020 results, showing net sales of $3 billion with a 4% organic volume growth in Q4. Operating income reached $349 million, and net income per diluted share was $1.44. For the fiscal year, net sales totaled $11.7 billion, a 2% increase with adjusted net income per diluted share rising 42% to $4.85. The company exceeded cash flow expectations, generating $1.5 billion in operations. Fiscal 2021 guidance suggests operating EBITDA between $2.15 to $2.2 billion and free cash flow of $875 to $975 million.

Berry Global Group recently completed a three-week global campaign to clear litter from local communities, tracking efforts through the Litterati app, and recording over 400,000 pieces of litter. The initiative exceeded its initial goal by four times and supported sustainability efforts aligned with the company's Impact 2025 Sustainability Strategy. Chairman and CEO Tom Salmon emphasized the campaign’s role in raising awareness about waste disposal. Berry, a founding member of the Alliance to End Plastic Waste, focuses on partnerships to foster environmental responsibility.