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Bri-Chem Closes Extension on Its Senior Banking Facility
Newsfile· 2024-10-09 22:00
. . . Bri-Chem Closes Extension on Its Senior Banking Facility October 09, 2024 6:00 PM EDT | Source: Bri-Chem Corp. Edmonton, Alberta--(Newsfile Corp. - October 9, 2024) - Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce that it has entered into an agreement with the Canadian Imperial Bank of Commerce ("CIBC") to renew its senior credit facilities ("ABL Facility") with a borrowing base of ...
Berry and Glatfelter Announce Proposed Offering by a Berry Subsidiary of Senior Secured Notes in Connection with the Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
GlobeNewswire News Room· 2024-10-07 11:43
EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE:BERY) ("Berry") and Glatfelter Corporation (NYSE:GLT) ("Glatfelter") announced today that Berry's indirect, wholly-owned subsidiary, Treasure Escrow Corporation, a Delaware corporation (the "Issuer"), plans to issue $500,000,000 of senior secured notes due 2031 (the "Notes"). The proceeds from the offering are intended to be used to fund a portion of the cash distribution to Berry Global, Inc., a Delaware ...
Bear Of The Day: Berry (BRY)
ZACKS· 2024-10-02 12:11
Berry (BRY) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on August 9 of this year. Berry is an independent upstream energy company which focuses on the conventional, long-lived oil reserves principally in the San Joaquin basin of California. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day. Description Berry Corp. is an energy exploration company, which engages in the acquisition, explorati ...
Berry Corporation: Appears To Have Some Upside Despite Debt Maturity Risks
Seeking Alpha· 2024-10-01 01:39
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies. Berry Corporation (NASDAQ: BRY ) has seen its stock drop by over 30% since I looked at it in May . Berry's Q2 2024 operational results were solid and its hedges (with close to 70% of its 2H 2024 Aaron Chow, aka Elep ...
Berry Global and Lassonde Partner on Recycled Lemon, Lime Bottles
ZACKS· 2024-09-27 12:40
Berry Global Group, Inc. (BERY) recently collaborated with Lassonde Industries Inc. to use 25% recycled plastic in the latter's private-label lemon and lime juice bottles. Headquartered in Canada, Lassonde specializes in producing fruit and vegetable juices and a variety of food products. The company serves a diverse range of customers, including grocery retailers, food service operators and distributors. Inside the Headlines The new 15-ounce lemon and lime juice bottle is lightweight and easy to recycle. T ...
Berry Global Unveils Chameleon for Quick Low-Cost Customization
ZACKS· 2024-09-20 11:01
Berry Global Group, Inc. (BERY) recently unveiled the Chameleon bottle designed specifically for personal care, homecare and healthcare markets. BERY's Chameleon bottle is made from polyethylene or polypropylene material, which is recyclable. It features a unique textured base section that is offered in 10 standard versions. Customers can design the bottle with custom finishes with an easy quick-change tooling process. The neck of the bottle can be adapted for various closures, sprays or pumps, thereby enha ...
Berry Global Stock Boasts Strong Prospects Despite Headwinds
ZACKS· 2024-08-30 17:15
Berry Global Group, Inc. (BERY) is poised to gain from strength in its Consumer Packaging North America segment supported by an increase in consumer discretionary spending in the United States. Higher discretionary spending over the past three months (April, May and June) is reflected in the growth in demand for the segment's products. It has been witnessing strength in its food, beverage, personal care, home care and industrial end markets, which led to 4% year-over-year growth in its revenues in the third ...
Berry Corporation Reaffirms a Strong Liquidity Position, Balance Sheet Strength, and Ongoing Free Cash Flow Generation
GlobeNewswire News Room· 2024-08-30 10:30
DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) ("Berry" or the "Company") is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending ("RBL") facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 mil ...
Berry and Glatfelter Announce Magnera Board of Director Appointments in Connection With Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business With Glatfelter
GlobeNewswire News Room· 2024-08-16 10:45
CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), and Berry Global Group, Inc. (NYSE: BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter. As previously disclosed, upon closing of the transaction, ...
Bri-Chem Announces 2024 Second Quarter Financial Results
Newsfile· 2024-08-14 23:11
Edmonton, Alberta--(Newsfile Corp. - August 14, 2024) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2024 second quarter financial results. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|-----------------------------------|---------|------------|----------------|---------------------------------|-----------|------------|----------------| | (in '000s ...