Transaction Will Reduce Debt by More than 60% and Provide $100 Million of New Capital

 

TAMPA, Florida, Sept. 2, 2025

Anchor Glass Container Corporation (“Anchor Glass” or the “Company”), a leading North American manufacturer of premium specialty glass packaging, today announced that it has reached an agreement with 100% of its first- and second-lien term loan holders and its current sponsor on a comprehensive recapitalization. The transaction will materially strengthen the Company’s capital structure and position the business for long-term growth.

 

The agreement, which will result in a fortified balance sheet for Anchor Glass, provides for:

 

• A reduction by more than 60% of the Company’s total outstanding indebtedness; and
• $100 million of new capital to support continued investment and growth.

 

“This transaction transforms our balance sheet and establishes a resilient, well-capitalized platform fueled for strategic growth,” said Nipesh H. Shah, President and Chief Executive Officer of Anchor Glass. “With enhanced financial flexibility, we will be poised to further advance our capabilities as ‘One Anchor’ to better serve our portfolio of highly valued customers with excellence. Guided by our three strategic pillars – advancing safety, delivering a flawless customer experience, and reducing industrial cost for our partners – we will accelerate the progress achieved in recent years and unlock new opportunities.”

 

Upon closing, the first- and second-lien lenders will become the majority owners of the Company, reflecting their full support of Anchor Glass’ leadership, vision, and strategy. The Company’s revolving credit facility will also be refinanced as part of the transaction.

 

About Anchor Glass
Anchor Glass is a leading North American manufacturer of premium specialty glass packaging products. Anchor Glass has longstanding relationships with blue-chip companies across the food, beverage, liquor, ready-to-drink, and craft beer end markets. The Company employs approximately 1,500 people and operates five glass manufacturing facilities located in New York, Oklahoma, Indiana, Minnesota, and Georgia. For more information, please visit www.anchorglass.com.

 

Media Contact
Kekst CNC
Sherri L. Toub / Wendi Kopsick
AnchorGlassMedia@KekstCNC.com

Anchor Glass Container Corporation Successfully Completes Refinancing to Strengthen Balance Sheet and Support Future Growth

 

TAMPA, FL August 14, 2023 – FOR IMMEDIATE RELEASE

 

Anchor Glass Container Corporation (“Anchor Glass”) is pleased to announce that it has successfully strengthened its balance sheet by amending and extending its term loan credit agreements and asset-based revolving credit facility.

As a result of the transaction, Anchor Glass will have meaningful incremental liquidity. In addition, the maturity dates of all three agreements have been extended by approximately two and a half years, with a company option to extend the term loan agreements for an additional six months.

The transaction was executed with solid support across the entire capital structure, including the holders of over 99% of its first-lien term loans and over 95% of its second-lien term loans, 100% of asset-based revolving credit facility lenders, and its equity sponsor CVC Capital Partners.

“The successful extension of our credit facilities is a testament to our strong relationships with key lenders and our equity owners, and their confidence in the continuing success of Anchor Glass,” said CEO Nipesh Shah. “Anchor Glass will continue its journey of investing in people, processes, and assets.”

 

About Anchor Glass

Anchor Glass is a leading North American manufacturer of premium glass packaging products. Anchor Glass has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink, and consumer end-markets. The company employs approximately 1,700 people and operates six glass manufacturing facilities located in Florida, Georgia, Indiana, Minnesota, New York, and Oklahoma. For more information, please visit www.anchorglass.com

 

Forward looking Statements

This media statement contains certain forward-looking statements regarding Anchor Glass, its financial condition and its results of operations, as customarily prepared by management for their internal use. All of these statements are based on estimates and assumptions prepared by management that, although are believed to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of the company’s control, that may cause the business, industry, strategy or actual results to differ materially. Anchor Glass undertakes no obligation to update or revise any of the forward- looking statements contained herein, whether as a result of new information, future events or otherwise.

 

Media Contacts

For general media inquiries, please contact:
Anchor’s Communications Department at Info@AnchorGlass.com

 

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