|Bid||47.88 x 1200|
|Ask||47.89 x 1200|
|Day's Range||47.75 - 48.35|
|52 Week Range||40.50 - 59.16|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||15.85|
|Earnings Date||Aug 1, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.33|
It might be of some concern to shareholders to see the Berry Global Group, Inc. (NYSE:BERY) share price down 15% in...
Berry Global Group Inc NYSE:BERYView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for BERY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BERY. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.57 billion over the last one-month into ETFs that hold BERY are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Berry Global Group, Inc. (BERY) (“Berry”) announced today the pricing of the private placement launched May 15, 2019 by one of its indirect, wholly owned subsidiaries, Berry Global Escrow Corporation (the “Issuer”). The Issuer will issue $1,250,000,000 of first priority senior secured notes due 2026 (the “First Priority Notes”) and $500,000,000 of second priority senior secured notes due 2027 (the “Second Priority Notes” and together with the First Priority Notes, the “Notes”). Upon the release of proceeds from the escrow accounts as described below, the Notes will be assumed by Berry Global, Inc. (“BGI”), a direct and wholly owned subsidiary of Berry, and will be guaranteed by Berry and by each of BGI’s existing and future direct or indirect domestic subsidiaries that guarantee BGI’s senior secured credit facilities and second priority senior secured notes, subject to certain exceptions.
Berry Global (BERY) commences senior notes offering worth $3 billion. It intends to use net proceeds for funding the RPC Group buyout and repaying its existing debts.
Berry Global Group, Inc. (BERY) (“Berry”) announced today that its indirect, wholly-owned subsidiary, Berry Global Escrow Corporation (the “Issuer”), plans to issue $2,000,000,000 of first priority senior secured notes due 2026 (the “First Priority Notes”) and $1,000,000,000 of second priority senior secured notes due 2027 (the “Second Priority Notes” and together with the First Priority Notes, the “Notes”). The proceeds from the offering are intended to be used to fund a portion of the cash consideration due in respect of the previously announced acquisition of all of the equity of RPC Group Plc, a public limited company incorporated in England and Wales (“RPC” and such acquisition, the “RPC Acquisition”), to repay certain existing debt of RPC and its subsidiaries, to prepay an existing Berry term loan and to pay related fees and expenses.
Moody's Investors Service ("Moody's") confirmed the Ba3 Corporate Family Rating and Ba3-PD Probability of Default Rating of Berry Global Group Inc. Moody's also confirmed all other existing instrument ratings of Berry Global Inc. Moody's assigned a Ba2 rating to the proposed $2.7 billion USD first lien term loan of Berry Global Inc., a Ba2 rating to the proposed Euro equivalent of $1.5 billion first lien term loan of Berry Global Inc., a Ba2 rating to the proposed $2 billion USD first lien senior secured notes of Berry Global Inc. and a B2 rating to the proposed $1 billion USD second lien senior secured notes of Berry Global Inc. Moody's also affirmed the Speculative Grade Liquidity Rating of SGL-2 of Berry Global Group Inc. The outlook is stable. The proceeds will be used to acquire RPC Group PLC (Baa3, Rating Under Review for Downgrade) in an all debt financed transaction valued at approximately $6.5 billion, which includes $4.4 billion for the purchase of RPC's equity, transaction expenses of $0.3 billion and roughly $1.8 billion of balance sheet debt (which will be refinanced as part of this transaction).
Berry Global's (BERY) second-quarter fiscal 2019 revenues decline year over year due to weaker operational performance in Health, Hygiene & Specialties, and Engineered Materials segments.
On a per-share basis, the Evansville, Indiana-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share. The results fell short of Wall Street ...
Berry Global Group, Inc. today reported its second fiscal quarter 2019 results, referred to in the following as the March 2019 quarter.
Rating Action: Moody's affirms eight classes of JPMCC 2010- C1. Global Credit Research- 01 May 2019. Approximately $198 million of structured securities affected.
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
Today we will run through one way of estimating the intrinsic value of Berry Global Group, Inc. (NYSE:BERY) by projecting its future cash flows and then discounting them to today's value. I will use the Discounted Cash Flow (D...
Berry Global Group, Inc. is proud to announce its sustainability strategy through a Company initiative named Impact 2025. As part of the initiative, Berry will focus on further increasing the positive impact it has through their products, performance, and partners with a long-term plan for the year of 2025.
Little known packaging company Berry Global might not look like a growth stock, but it's acting like one. It just made the IBD 50 growth stock list.
Berry Global Group, Inc. , will report its second fiscal quarter 2019 results on Thursday, May 2, 2019, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company’s results and performance.
RPC Group agreed to the higher takeover offer of 793 pence per share in cash in early March, ditching a lower bid from private equity firm Apollo Global Management LLC. Berry's comments come after analysts said the market was hoping for a higher offer. Berry said on Friday it reserves the right to increase the offer if another party comes with an offer or a possible offer for RPC.
Plastics maker Berry Global Group Inc ruled out further sweetening of its 3.34 billion pound ($4.39 billion) bid for British packaging company RPC Group , calling the offer final. RPC Group agreed to the higher takeover offer of 793 pence per share in cash in early March, ditching a lower bid from private equity firm Apollo Global Management LLC. Berry's comments come after analysts said the market was hoping for a higher offer.
Berry Bidco announces that its recommended offer of 793 pence in cash per RPC share is declared final and will not be increased, except that Berry Bidco reserves the right to increase the amount of the Consideration if there is an announcement on or after the date hereof of an offer or a possible offer for RPC by a third party offeror or potential offeror. Berry Bidco has made good progress in relation to the Acquisition and confirms that all regulatory filings in relation to the Acquisition have been submitted to the relevant authorities.