Company: BERRY GLOBAL GROUP, INC.
Form Type: 8-K
Filing Date: 2024-11-08
Corporate Action: Spin-off
Type: New
Accession Number: 000110465924115972
Comments: The transaction involves Berry Global Group, Inc. spinning off its global nonwovens and hygiene films business into a new company known as Spinco. Each shareholder of Berry received one share of Spinco for each share of Berry stock owned as of the record date, November 1, 2024. Following the spin-off, holders of Berry common stock own approximately 90% of the outstanding shares of Magnera Corporation, which is the renamed entity following the merger.
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Additional details:
Newco Cik: 41719
Parent Cik: 1378992
File Number: 000-56679
:
Percentage Spun Off: 100
Effective Date: 2024-11-04
Form Type: 8-K
Filing Date: 2024-11-04
Corporate Action: Spin-off
Type: Update
Accession Number: 000110465924113965
Comments: The announcement confirms that Berry Global Group, Inc. has successfully completed its spin-off of Treasure Holdco, Inc., referred to as Spinco, which is now a wholly owned subsidiary of Magnera Corporation. The spinoff was part of a broader transaction involving the separation and distribution of Berry’s Health, Hygiene, and Specialties segment. Each shareholder of Berry Global received shares of Spinco common stock in a pro rata distribution. Following the spin-off, Magnera has assumed Spinco's financial obligations, including those related to term loans and bonds. The information statement detailing the spin-off has been made publicly available, and the transaction signifies a strategic restructuring aimed at enhancing value for shareholders.
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Additional details:
Newco Cik: 41719
Parent Cik: 1378992
File Number: 1-35672
Access 12: 000110465924
: 0
Spin Off Id: 516
Form Type: 8-K
Filing Date: 2024-11-04
Corporate Action: Spin-off
Type: New
Accession Number: 000110465924114009
Comments: Magnera Corporation, previously known as Glatfelter Corporation, has successfully completed a spin-off from Berry Global Group Inc. This transaction involves the distribution of Spinco's shares to Berry's stockholders, where shareholders received one share of Spinco common stock for each share of Berry common stock held as of November 1, 2024. The spin-off is part of a broader restructuring and merger process that included significant operational separations, amendments to corporate charters, and debt assumptions. The spin-off and related mergers took place on November 4, 2024, marking a major change in corporate structure for the involved parties.
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Additional details:
Newco Cik: 24363
Parent Cik: 1378992
File Number: 001-03560
:
Effective Date: 2024-11-01
Form Type: 8-K
Filing Date: 2024-10-22
Corporate Action: Spin-off
Type: New
Accession Number: 000110465924110337
Comments: The document describes a spin-off of Berry Global Group, Inc.'s global nonwovens and hygiene films business to a new entity, Spinco, followed by a merger with a subsidiary of Glatfelter. The resulting company will be renamed Magnera Corporation. The process involves a distribution to Berry stockholders of Spinco shares.
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Additional details:
Newco Cik: 41719
Parent Cik: 1378992
File Number: 1-35672
:
Form Type: 8-K
Filing Date: 2024-10-22
Corporate Action: Spin-off
Type: New
Accession Number: 000110465924110339
Comments: The document details a series of transactions involving Berry Global Group, Inc.'s spin-off of its global nonwovens and hygiene films business to its wholly owned subsidiary Treasure Holdco, Inc. (Spinco). The spin-off includes the transfer of the HHNF Business to Spinco and a distribution of Spinco's common stock to Berry stockholders. The merged entity into which Spinco will merge will be renamed Magnera Corporation.
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Additional details:
:
Parent Cik: 1378992
File Number: 001-03560
Effective Date: 2024-10-21