LAKE FOREST, Ill., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. ("PTVE") announced today the results of its indirect, wholly-owned subsidiary, Pactiv LLC's ("Pactiv") previously announced tender offer (the "Tender Offer") to purchase for cash any and all of Pactiv's outstanding 8.375% Debentures due 2027 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on December 14, 2022 (the "Expiration Date"). As of the Expiration Date, approximately $32.9 million aggregate principal amount of the Notes were validly tendered and not validly withdrawn (the "Tendered Notes"). None of the Notes are subject to guaranteed delivery procedures. The following table sets forth some of the terms of the Tender Offer: Payment for the Tendered Notes is expected to be made later today.