Citi Eyes $2 Billion Debt Package for Berry, Glatfelter Deal [BNN Bloomberg (Canada)]
Glatfelter Corporation (GLT)
Last glatfelter corporation earnings: 2/6 07:02 am
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Source: BNN Bloomberg
majority of its health, hygiene and specialties business with Glatfelter Corp., according to a person with knowledge of the matter. The banks, led by Citigroup, are preparing a $2 billion package composed of a leveraged loan and asset-based loan, the person said, asking not to be named because the information is private. The debt deal is expected to launch in the third quarter and pricing terms have yet to be determined, the person said. Citigroup and Wells Fargo declined to comment. Berry and Glatfelter didn't respond to requests for comment. The spinoff is expected to close in the second half of the year and the new, combined company will trade under a new name and publicly listed ticker, according to a company statement. That transaction will also include Berry's global nonwoven and films businesses, it said. Berry will retain some of its businesses and the company will receive about $1 billion in cash that to pay down existing debt, a presentation said. Berry and Glatfelte
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GLT
News
- Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry's Health, Hygiene, and Specialties Global Nonwovens and Films Business [Yahoo! Finance]Yahoo! Finance
- Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry’s Health, Hygiene, and Specialties Global Nonwovens and Films BusinessGlobeNewswire
- Glatfelter Corporation to Report Earnings on May 9thGlobeNewswire
- Glatfelter Corporation (NYSE:GLT) institutional owners may be pleased with recent gains after 40% loss over the past year [Yahoo! Finance]Yahoo! Finance
- Glatfelter Corporation (NYSE:GLT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GLT
Sec Filings
- 4/17/24 - Form 425
- 4/11/24 - Form 425
- 4/11/24 - Form 425
- GLT's page on the SEC website