Amcor plc announced on March 12, 2025, that its subsidiary, Amcor Flexibles North America, priced a $2.2 billion private offering of guaranteed senior notes. The offering includes $725 million in 4.800% notes due 2028, $725 million in 5.100% notes due 2030, and $750 million in 5.500% notes due 2035. The proceeds will be used to repay existing debt of Berry Global Group, Inc. as part of Amcor’s planned merger with Berry.

The offering is expected to close on March 17, 2025, pending customary conditions. If the merger does not close, all notes except the 2028 issuance will be subject to mandatory redemption. The notes are being offered to qualified institutional buyers under Rule 144A and certain non-U.S. investors under Regulation S. Amcor emphasized that this announcement does not constitute an offer to sell or buy securities in any jurisdiction.