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Amcor PLC Shs Chess Depository Interests ( (AU:AMC) ) just unveiled an update.
Amcor Flexibles North America, a unit of packaging giant Amcor plc, has launched a major debt offering in the U.S. capital markets. The issuance comprises US$750 million of 4.250% guaranteed senior notes due 2029 and US$750 million of 5.125% guaranteed senior notes due 2036, both senior unsecured and SEC-registered global notes.
The notes carry full and unconditional guarantees from Amcor plc and several affiliated finance entities, as well as Berry Global Group, Inc. and Berry Global, Inc., and are expected to be rated investment grade by Moody’s, S&P and Fitch. The transaction, coordinated by Goldman Sachs and J.P. Morgan, strengthens Amcor’s funding position and underscores continued debt market support for its packaging operations and strategic initiatives.
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 across materials for nutrition, health, beauty and wellness markets. The company offers flexible and rigid packaging, cartons and closures, leveraging global innovation and sustainability capabilities. It operates more than 400 locations in over 40 countries, employs over 75,000 people and generates about $23 billion in annualized sales.
Average Trading Volume: 535,038
Technical Sentiment Signal: Buy
Current Market Cap: A$29.99B
For an in-depth examination of AMC stock, go to TipRanks’ Overview page.