Bemis Announces Senior Notes Offering
September 08 2016 - 6:26PM
Business Wire
Bemis Company, Inc. (NYSE:BMS) announced today that it has
priced an underwritten public offering of $300 million aggregate
principal amount of 3.10% senior notes due 2026. The Company will
pay interest on the notes semi-annually on March 15 and September
15 of each year, beginning on March 15, 2017.
Bemis intends to use the net proceeds from the offering to repay
outstanding commercial paper and for general corporate purposes.
The senior notes offering is expected to close by September 15,
2016, subject to customary closing conditions.
BNP Paribas Securities Corp., J.P. Morgan Securities LLC,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S.
Bancorp Investments, Inc. and Wells Fargo Securities, LLC are the
joint book-running managers of the offering.
The offering is being made only by means of a prospectus
supplement and accompanying prospectus, which are part of a shelf
registration statement Bemis filed with the Securities and Exchange
Commission. Before you invest, you should read the prospectus in
that registration statement and the applicable prospectus
supplement and other documents Bemis has filed or will file with
the SEC for more complete information about Bemis and this
offering. You may get these documents for free by visiting EDGAR on
the SEC’s website at www.sec.gov. Alternatively, Bemis, any
underwriter or any dealer participating in the offerings will
arrange to send you the prospectus relating to the offering if you
request it by calling BNP Paribas Securities Corp. collect at
800-854-5674 or J.P. Morgan Securities LLC collect at
212-834-4533.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTSStatements in this release that
are not historical, including statements relating to the expected
future performance of the Company, are considered
“forward-looking,” and are presented pursuant to the safe harbor
provisions of the Securities Litigation Reform Act of 1995. Such
content is subject to certain risks and uncertainties, including
but not limited to general and global economic conditions caused by
inflation, interest rates, consumer confidence, rates of
unemployment and foreign currency exchange rates; investment
performance of assets in our pension plans; competitive conditions
within our markets, including the acceptance of our new and
existing products; potential loss of business or increased costs
due to customer or vendor consolidation; customer contract bidding
activity; threats or challenges to our patented or proprietary
technologies; raw materials: cost availability, and terms
(particularly for polymer resins and adhesives); price changes for
raw materials and our ability to pass these price changes to our
customers or otherwise manage commodity price fluctuation risks;
unexpected energy surcharges; broad changes in customer order
patterns; a failure in our information technology infrastructure or
applications; changes in governmental regulation, especially in the
areas of environmental, health and safety matters, fiscal
incentives and foreign investment; unexpected outcomes in our
current and future administrative and litigation proceedings;
unexpected outcomes in our current and future tax proceedings;
changes in domestic and international tax laws; costs associated
with the pursuit of business combinations or divestitures;
unexpected costs associated with the integration of acquired
businesses; unexpected costs and timing related to transition of
production; changes in our labor relations; and the impact of
changes in the world political environment including threatened or
actual armed conflict. Actual future results and trends may differ
materially from historical results or those projected in any such
forward-looking statements depending on a variety of factors, which
are detailed in the Company's regular SEC filings including the
most recently filed Form 10-K for the year ended December 31,
2015.
ABOUT BEMIS COMPANY, INC.Bemis Company, Inc. (“Bemis” or
the “Company”) is a major supplier of flexible and rigid plastic
packaging used by leading food, consumer products, healthcare, and
other companies worldwide. Founded in 1858, Bemis reported 2015 net
sales from continuing operations of $4.1 billion. Bemis has a
strong technical base in polymer chemistry, film extrusion, coating
and laminating, printing, and converting. Headquartered in Neenah,
Wisconsin, Bemis employs approximately 18,000 individuals
worldwide. More information about Bemis is available at
www.bemis.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160908006750/en/
Bemis Company, Inc.Erin M. Winters, 920-527-5288Director
of Investor RelationsorMelanie E.R. Miller, 920-527-5045Vice
President & Treasurer
Bemis (NYSE:BMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bemis (NYSE:BMS)
Historical Stock Chart
From Apr 2023 to Apr 2024