Amcor plc , Amcor Pty Ltd, Amcor Finance, Inc, Amcor Uk Finance plc and Amcor Flexibles North America, Inc. Enters into an Amendment JPmorgan Chase Bank, N.A
April 25, 2024 at 04:05 pm EDT
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On April 23, 2024, Amcor plc, Amcor Pty Ltd, Amcor Finance (USA), Inc. (?AFUI?), Amcor UK Finance plc (?Amcor UK?) and Amcor Flexibles North America, Inc. the lenders party thereto and JPMorgan Chase Bank, N.A. (?JP Morgan?), as administrative agent and foreign administrative agent, entered into an amendment (the ?Amendment?) to the Three-Year Syndicated Facility Agreement (the ?Three-Year Agreement?), dated as of April 26, 2022, by and among the Company, the Borrowers, the lenders party thereto and JPMorgan, as administrative agent and foreign administrative agent.
The Amendment extends the maturity date under the Three-Year Agreement by one year from April 26, 2025 to April 25, 2026 (it being understood that April 26, 2026 is not a business day). Additionally, in connection with the Amendment, it is expected that the aggregate committed amount under the Three-Year Agreement will be reduced from $1.875 billion to $1.6525 billion on April 26, 2025, and that the commitments of certain lenders in the aggregate amount of $222.5 million will expire and any advances attributable to their commitments will mature on April 26, 2025.
Amcor plc is a packaging company. The Company is engaged in developing and producing solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. The Company operates through two segments: Flexibles and Rigid Packaging. The Flexibles segment consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment consists of operations that manufacture rigid containers for a range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications. The Company's subsidiaries include Amcor Flexibles North America, Inc., Amcor Pty Ltd, and Amcor UK Finance plc.
Amcor plc , Amcor Pty Ltd, Amcor Finance, Inc, Amcor Uk Finance plc and Amcor Flexibles North America, Inc. Enters into an Amendment JPmorgan Chase Bank, N.A