Amcor issues €1.5bn in senior notes to refinance debt

Amcor plc has filed a Form 8-K with the US Securities and Exchange Commission, announcing the issuance of €1,500,000,000 in senior notes. This includes €750,000,000 of 3.200% guaranteed senior notes due 2029 and €750,000,000 of 3.750% guaranteed senior notes due 2033. These notes, fully and unconditionally guaranteed by Amcor plc and its subsidiaries, were offered and sold by Amcor UK Finance plc.

The net proceeds of approximately €1,488 million are intended to repay Berry Global, Inc.'s $1.525 billion 1.570% first priority senior secured notes due 2026, and a portion of Amcor's commercial paper borrowings. The transaction, dated November 17, 2025, follows an underwriting agreement with major financial institutions, including BNP Paribas and Citigroup Global Markets Limited.

Interest on the 2029 notes will be payable annually starting November 17, 2026, while the 2033 notes will have a short first coupon on February 20, 2026, followed by annual payments on February 20 each year. The notes will be listed on the New York Stock Exchange.

In a related Form 4 filing, Stephen R. Scherger, executive vp, finance & cfo, reported the acquisition of 284,503 restricted stock units on November 10, 2025. These units vest ratably on November 10, 2026, and November 10, 2027, representing a contingent right to receive one ordinary share of Amcor upon vesting.