Deals 09/17/2020

Loop Capital Markets participates as co-manager on the $574 million initial public offering of Pactiv Evergreen Inc.

On September 17, 2020, Pactiv Evergreen, the largest manufacturer of fresh food and beverage packaging in North America, raised $574 million in an initial public offering by issuing 41 million shares at an offering price of $14.00. Loop Capital Markets served as a co-manager on the initial public offering.

The company intends to use the net proceeds from this offering to repay certain indebtedness.