Anchor Glass Announces Comprehensive Recapitalization to Transform Balance Sheet and Fuel Strategic Growth

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

TAMPA, Florida, Sept. 2, 2025 /PRNewswire/ -- 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
[email protected]

SOURCE Anchor Glass Container Corporation