Edition:
India

Berry Global Group Inc (BERY.N)

BERY.N on New York Stock Exchange

59.60USD
19 Jan 2018
Change (% chg)

$0.67 (+1.14%)
Prev Close
$58.93
Open
$58.87
Day's High
$59.79
Day's Low
$58.87
Volume
129,267
Avg. Vol
198,253
52-wk High
$61.65
52-wk Low
$47.20

Latest Key Developments (Source: Significant Developments)

Berry Global Group Prices $500 Million Second Priority Senior Secured Notes Private Offering
Saturday, 20 Jan 2018 

Jan 19 (Reuters) - Berry Global Group Inc ::BERRY GLOBAL GROUP, INC. PRICES $500 MILLION SECOND PRIORITY SENIOR SECURED NOTES PRIVATE OFFERING.BERRY GLOBAL GROUP INC - ‍CO'S UNIT BERRY GLOBAL, INC WILL ISSUE $500 MILLION OF SECOND PRIORITY SENIOR SECURED NOTES DUE 2026​.BERRY GLOBAL - NOTES WILL BEAR INTEREST AT 4.500% PAYABLE SEMIANNUALLY, IN CASH IN ARREARS, ON FEB 15 & AUG 15 OF EACH YEAR, COMMENCING AUG 15, 2018.  Full Article

Berry Global Group Unit Plans To Issue $400 Mln Of Second Priority Senior Secured Notes Due 2026
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Berry Global Group Inc ::BERRY GLOBAL GROUP, INC. ANNOUNCES PROPOSED OFFERING OF SECOND PRIORITY SENIOR SECURED NOTES.BERRY GLOBAL GROUP INC - UNIT PLANS TO ISSUE $400 MILLION OF SECOND PRIORITY SENIOR SECURED NOTES DUE 2026.BERRY GLOBAL GROUP- INTENDS TO USE PROCEEDS TO FUND PORTION OF CASH CONSIDERATION DUE FOR DEAL WITH CLOPAY PLASTIC PRODUCTS,TO PAY RELATED FEES,OTHERS.BERRY GLOBAL - IF CLOPAY DEAL IS NOT COMPLETED, CO INTENDS TO USE NET PROCEEDS OF OFFERING TO REPAY DEBT UNDER ITS SENIOR SECURED CREDIT FACILITIES.  Full Article

Berry Global Announces Board Of Directors Leadership Change
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Berry Global Group Inc ::BERRY GLOBAL ANNOUNCES BOARD OF DIRECTORS LEADERSHIP CHANGE.BERRY GLOBAL GROUP INC - CEO THOMAS E. SALMON ELECTED CHAIRMAN OF BOARD EFFECTIVE UPON JONATHAN D. RICH'S RETIREMENT.BERRY GLOBAL SAYS BOARD ELECTED CEO THOMAS SALMON TO SUCCEED RICH AS CHAIRMAN OF BOARD, EACH EFFECTIVE FEB 1.  Full Article

Berry Global Group Q4 adjusted earnings per share $0.87
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Berry Global Group Inc :Berry global group, inc. Reports fourth quarter and fiscal year 2017 results.Q4 adjusted earnings per share $0.87.Q4 earnings per share $0.81.Q4 sales $1.9 billion versus i/b/e/s view $1.91 billion.Q4 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Berry global group inc - sees ‍fiscal year 2018 cash flow from operations and adjusted free cash flow to be $965 million and $610 million, respectively​.Berry global group inc - sees ‍fiscal year 2018 capital spending to be $320 million​.Berry global group inc - 2018 cash interest costs are forecasted to be $250 million​.Berry global group inc - 2018 estimates and assumptions do not include most recent definitive agreement to acquire clopay​.  Full Article

Berry Global to acquire Clopay Plastic Products Co
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Griffon Corp :Berry global group, inc. Announces agreement to acquire the clopay plastic products company, inc., from griffon corporation.Berry global group inc - ‍expect annual cost synergies from deal to be approximately $20 million​.Berry global group inc - ‍intends to fund acquisition with existing liquidity or additional debt offering​.  Full Article

Griffon Corp to sell Clopay Plastic Products to Berry Global for $475 mln
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Griffon Corp :Griffon Corporation to sell Clopay Plastic Products to Berry Global for $475 million.Griffon Corporation to sell Clopay Plastic Products to Berry Global for $475 million.Griffon Corp - ‍entered into a definitive agreement to sell Clopay Plastic Products Company to Berry Global Group Inc​.  Full Article

Berry plastics announces COO appointment in advance of CEO retirement in 2017
Friday, 30 Sep 2016 

Berry Plastics Group Inc : Berry plastics announces COO appointment in advance of CEO retirement in 2017 . Thomas E. Salmon has been unanimously elected as berry's president and Chief Operating Officer effective October 3 .Chairman and Chief Executive Officer, Jonathan D. Rich, has informed board of directors of his intention to retire as CEO.  Full Article

Berry Plastics Group announces agreement to acquire AEP Industries
Thursday, 25 Aug 2016 

AEP Industries Inc : Berry Plastics Group, Inc. Announces agreement to acquire AEP Industries Inc. . Aggregate consideration will be $765 million . AEP Industries Inc says deal to be accretive to adjusted net income and adjusted free cash flow, while deleveraging Berry's balance sheet . Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of berry common stock per aep share . Berry expects to realize cost synergies of $50 million or more annually . Berry intends to fund cash component of acquisition with existing cash and a new term loan, and has committed financing in place. . On a pro forma basis, berry's four quarters ended June 2016 adjusted free cash flow would increase by approximately $85 million to $560 million . AEP industries inc says upon closing, aep shareholders will own approximately 5 percent of berry on a fully diluted basis .Deal to be accretive to Berry's adjusted net income and adjusted free cash flow by more than 10 percent, after expected synergies.  Full Article

Berry plastics q3 adj shr $0.82
Tuesday, 9 Aug 2016 

Berry Plastics Group Inc : Year-To-Date june sales $4.871 billion . Berry plastics group, inc. Reports third quarter fiscal 2016 results . Q3 sales $1.645 billion versus i/b/e/s view $1.67 billion . Qtrly earnings per share $0.76 . Qtrly adjusted earnings per share $0.82 . Increasing fy 2016 operating ebitda guidance by additional $10 million to $1,200 million .Continues to target $475 million of adjusted free cash for fiscal 2016.  Full Article

Berry Plastics announces exchange offer for $400 mln 6 pct second priority senior notes
Thursday, 12 May 2016 

Berry Plastics Group Inc :Berry Plastics Group Inc Announces exchange offer for the $400 million 6.00 percent second priority senior notes due 2022 of Berry Plastics Corporation.  Full Article

BRIEF-Berry Global Group Prices $500 Million Second Priority Senior Secured Notes Private Offering

* BERRY GLOBAL GROUP, INC. PRICES $500 MILLION SECOND PRIORITY SENIOR SECURED NOTES PRIVATE OFFERING