Welcome to our dedicated page for Berry Global Group news (Ticker: BERY), a resource for investors and traders seeking the latest updates and insights on Berry Global Group stock.
Berry Global Group, Inc. (NYSE: BERY) is a leading global manufacturer of plastic packaging products and protection materials. Serving a diverse range of markets, including food, beverage, personal care, household chemicals, healthcare, and industrial, Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers. The company's strategic international expansion aims to fulfill the growing global market demands.
The company operates through four primary business segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. Berry Global primarily utilizes plastic resin as its raw material, sourced from various suppliers.
The acquisition of RPC has bolstered the Consumer Packaging International segment, expanding Berry’s geographical footprint and boosting its revenue. This segment includes products such as closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.
Berry Global's impressive growth is underscored by its extensive network of 119 global manufacturing locations across 17 countries and a workforce of over 21,000 employees. The company's history of strategic acquisitions has significantly bolstered its market presence and technological capabilities.
In recent developments, Berry Global acquired F&S Tool, a North American leader in precision injection molding tools. This move aims to strengthen Berry's global tooling capabilities, bringing in proprietary technologies and manufacturing excellence.
Berry Global continues to innovate and expand, focusing on sustainable growth and maintaining a leading position in the plastic packaging industry. Stay updated with the latest news and developments about Berry Global Group, Inc. to understand its market performance and strategic initiatives.
Berry Global has announced the early tender results for its 4.875% First Priority Senior Secured Notes due 2026. By May 24, 2024, $935.55 million of the $1.25 billion outstanding notes had been tendered. The company will accept up to $500 million of these notes, with a proration rate of approximately 53.48%. The early tender consideration includes a fixed spread plus a $30 premium per $1,000 principal amount. The early settlement date is anticipated to be on May 29, 2024. Goldman Sachs & Co. is the dealer manager for this tender offer.
Berry Global announced the pricing of a $800M private placement of First Priority Senior Secured Notes due 2031. The notes bear an interest rate of 5.800%, payable semiannually, and will mature on June 15, 2031. The offering is expected to close on or about May 28, 2024, subject to standard closing conditions.
The proceeds will be used to repurchase existing notes due 2026, cover related fees, and potentially fund general corporate purposes. The notes are reserved for qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, and are not registered under the Securities Act.
Berry Global, a leading packaging solutions provider, announced a Tender Offer to purchase up to $500 million of its outstanding 4.875% First Priority Senior Secured Notes due 2026. The offer is subject to various conditions and will expire on June 11, 2024. Holders of the Notes are advised to carefully review the Offer to Purchase before making a decision.
Berry Global Group, Inc. (NYSE: BERY) announced the proposed offering of first priority senior secured notes by its subsidiary, Berry Global, Inc. The net proceeds will be used for various purposes including repurchasing existing notes, paying fees and expenses, and funding general corporate activities.
Berry announced their second quarter 2024 results, reporting net sales of $3.1 billion, operating income of $208 million, and earnings per share of $0.98. They increased their cost savings program target by $25 million and closed two divestitures. Berry reaffirmed their fiscal 2024 outlook with adjusted EPS of $7.35 - $7.85 and free cash flow of $800 - $900 million. They also declared a quarterly cash dividend of $0.275 per share.
Berry Global Group, Inc. (NYSE: BERY) has announced a quarterly cash dividend of $0.275 per share. The payment date is set for June 17, 2024, for stockholders of record as of June 3, 2024.
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