1st Apr 2019 10:59
LONDON (Alliance News) - US-based plastics packaging manufacturer Berry Global Group Inc on Monday said it amended and restated the financial terms of a series of loans secured to fund its acquisition of UK-listed peer RPC Group PLC.
At the beginning of March, RPC agreed a 793 pence per share deal with Berry, valuing the company at GBP3.34 billion.
RPC shares were trading 0.3% higher at 792.20 pence each on Monday afternoon.
Back then, Berry Global entered into bridge credit agreements with Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC and Wells Fargo Bank, in order to secure funds for the acquisition.
As of Friday, Berry amended and restated each of the original agreements with the above-mentioned lenders and others. No further detail was disclosed.
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