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Amcor PLC Shs Chess Depository Interests ( (AU:AMC) ) has issued an announcement.
Amcor Flexibles North America, an Amcor plc subsidiary, has filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission for an offering of new guaranteed senior notes. The notes, to be issued in multiple maturities and fully and unconditionally guaranteed by Amcor and several affiliated finance entities, will be unsecured and unsubordinated obligations, ranking equally with the issuer’s existing unsecured debt but structurally and effectively subordinated to certain other obligations.
The securities will not be listed on any securities exchange, and there is currently no public market for the notes. This planned debt issuance is intended to provide Amcor Flexibles North America with additional financing flexibility, while signalling continued reliance on capital markets funding and preserving seniority parity with its other unsecured creditors.
The most recent analyst rating on (AU:AMC) stock is a Hold with a A$70.00 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.
More about Amcor PLC Shs Chess Depository Interests
Amcor plc is a global leader in responsible consumer packaging and dispensing solutions, serving nutrition, health, beauty and wellness markets. The company produces flexible and rigid packaging, cartons and closures, leveraging worldwide innovation and sustainability capabilities across more than 400 locations in over 40 countries.
Average Trading Volume: 535,038
Technical Sentiment Signal: Buy
Current Market Cap: A$29.99B
Find detailed analytics on AMC stock on TipRanks’ Stock Analysis page.