05:22 PM EST, 01/14/2025 (MT Newswires) -- A Berry Global ( BERY ) wholly owned subsidiary started an offer to exchange up to $1.6 billion of notes, the company said Tuesday.

The firm will exchange up to $800 million of new 5.65% priority senior secured notes due 2034 and up to $800 million 5.8% priority senior secured notes due 2031 for an equal amount of outstanding unregistered 5.65% senior secured notes due 2034 and unregistered 5.8% senior secured notes due 2031.

The company said the exchange offers will expire on Feb. 11.

Berry Global ( BERY ) shares were down 1% in recent after-hours activity.