CHARLOTTE, N.C., March 24, 2025 /CNW/ — Novolex Holdings, LLC ("Novolex " or the "Offeror ") announced today the consideration payable in connection with its previously announced offer to purchase for cash any and all of the $217,298,000 aggregate principal amount of outstanding 7.950% Debentures due 2025 (the "Notes ") issued by Pactiv LLC (f/k/a Tenneco Packaging Inc.) ("Pactiv LLC "), a wholly-owned subsidiary of Pactiv Evergreen Inc. ("PEI "). This offer to purchase the Notes is referred to herein as the "Tender Offer ."