BRISTOL, United Kingdom,
March 23, 2020 /PRNewswire/
-- Amcor plc (NYSE: AMCR; ASX: AMC) ("Amcor") today announced
the commencement of debt-neutral exchange offers by its
wholly-owned subsidiaries, Bemis Company, Inc. ("Bemis") and Amcor
Finance (USA), Inc. ("AFUI").
Bemis is offering to exchange any and all of its outstanding
$346,652,000 aggregate principal
amount of 4.500% Guaranteed Senior Notes due 2021 and any and all
of its outstanding $293,200,000
aggregate principal amount of 3.100% Guaranteed Senior Notes due
2026, respectively, for an equal aggregate principal amount of its
4.500% Guaranteed Senior Notes due 2021 that have been registered
under the United States Securities Act of 1933, as amended (the
"Securities Act") (the "New 2021 Notes") and its 3.100% Guaranteed
Senior Notes due 2026 that have been registered under the
Securities Act (the "New Bemis 2026 Notes" and, together with the
New 2021 Notes, the "New Bemis Notes"), respectively. AFUI is
offering to exchange any and all of its outstanding $591,266,000 aggregate principal amount of 3.625%
Guaranteed Senior Notes due 2026 and any and all of its
outstanding $497,508,000 aggregate
principal amount of 4.500% Guaranteed Senior Notes due 2028,
respectively, for an equal aggregate principal amount of its 3.625%
Guaranteed Senior Notes due 2026 that have been registered under
the Securities Act (the "New AFUI 2026 Notes") and its 4.500%
Guaranteed Senior Notes due 2028 that have been registered under
the Securities Act (the "New 2028 Notes" and, together with the New
AFUI 2026 Notes, the New 2021 Notes and the New Bemis 2026
Notes, the "New Notes"), respectively.
The outstanding notes referred to above (collectively, the
"Existing Notes") are guaranteed by Amcor and certain of its
subsidiaries and were originally issued on June 13, 2019 in transactions exempt from
registration under the Securities Act.
The terms of the New Notes will be substantially identical to
the terms of the Existing Notes, except that the New Notes have
been registered under the Securities Act and will not be subject to
the transfer restrictions and registration rights that related to
the Existing Notes. Any Existing Notes that are exchanged for
New Notes pursuant to the exchange offers will be cancelled and, as
a result, the aggregate principal amount of the outstanding notes
of each series will not increase as a result of the exchange
offers.
The exchange offers are being made to satisfy the obligations of
Bemis, AFUI and the guarantors of the Existing Notes under
registration rights agreements entered into in connection with the
issuance of the Existing Notes.
Each exchange offer will expire at 5:00
p.m., New York City time,
on April 21, 2020, unless extended.
Tenders of Existing Notes must be made before the exchange offers
expire and may be withdrawn any time prior to the expiration of the
exchange offers.
The terms of the exchange offers are set forth in a prospectus
dated March 23, 2020 which has been
filed with the United States Securities and Exchange Commission
(the "SEC"). Copies of the prospectus and the other exchange offer
documents may be obtained from the exchange agent:
Global Bondholder Services Corporation
65 Broadway – Suite 404
New York, New York 10006
Attn: Corporate Actions
Telephone: (866) 470-3700
Facsimile: (212) 430-3775/3779
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation of an offer to sell any
Existing Notes. The exchange offers are being made only pursuant to
the exchange offer prospectus, which is being distributed to
holders of the Existing Notes and has been filed with the SEC as
part of the
Registration Statement on Form S-1 (File No. 333-237037)
filed by Bemis, AFUI and the guarantors of the Existing
Notes, which was declared effective by the
SEC on March 23, 2020.
About Amcor
Amcor is a global leader in developing and producing responsible
packaging for food, beverage, pharmaceutical, medical, home- and
personal-care, and other products. Amcor works with leading
companies around the world to protect their products and the people
who rely on them, differentiate brands, and improve supply chains
through a range of flexible and rigid packaging, specialty cartons,
closures, and services. The company is focused on making packaging
that is increasingly light-weighted, recyclable and reusable, and
made using an increasing amount of recycled content. Around 50,000
Amcor people generate US$13 billion
in sales from operations that span about 250 locations in 40-plus
countries. NYSE: AMCR; ASX: AMC
For More Information, contact:
Investor Relations
Amcor plc, Level 11, 60 City Road,
Southbank, Victoria 3006,
Australia
Telephone: +61 3 9226 9000
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SOURCE Amcor plc