By Cristal Cody
Eureka Springs, Ark., April 19 – Amcor Finance (USA), Inc. priced $600 million of 3.625% 10-year senior notes at a spread of Treasuries plus 185 basis points on Tuesday, according to a market source.
The notes (Baa2/BBB) priced on the tight side of guidance of 190 bps, plus or minus 5 bps.
The deal was upsized from $500 million.
BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.
Buena Park, Calif.-based Amcor Finance is a subsidiary of packaging products company Amcor Ltd.
| Issuer: | Amcor Finance (USA), Inc.
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| Amount: | $600 million
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| Maturity: | April 28, 2026
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| Securities: | Senior notes
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| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC
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| Coupon: | 3.625%
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| Spread: | Treasuries plus 185 bps
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| Trade date: | April 19
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| Ratings: | Moody’s: Baa2
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| Standard & Poor’s: BBB
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| Price talk: | Treasuries plus 190 bps, plus or minus 5 bps
|
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