NEENAH, Wis.--(BUSINESS WIRE)--Sep. 8, 2016--
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
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
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
Statements 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.
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Source: Bemis Company, Inc.
Bemis Company, Inc.
Erin M. Winters, 920-527-5288
of Investor Relations
Melanie E.R. Miller, 920-527-5045
President & Treasurer