Anchor Glass Completes Comprehensive Recapitalization to Drive Next Phase of Growth

TAMPA, Fla., Oct. 9, 2025 /PRNewswire/ -- Anchor Glass Container Corporation ("Anchor Glass" or the "Company") today announced the successful completion of its previously announced comprehensive recapitalization, marking a major milestone in its ongoing transformation and positioning the business for long-term growth.

With the backing of new majority owners – Canyon Capital Advisors, Millstreet Capital, and UBS – the transaction has reduced the Company's debt by more than 60% and provided $100 million of new capital to accelerate Anchor Glass' strategic growth and modernization and create enhanced value for its customers, employees, communities, suppliers, and investors.

"This transformative moment marks the start of a new era for Anchor Glass," said Nipesh H. Shah, President and Chief Executive Officer. "We've materially strengthened our balance sheet, secured significant new capital, and are now primed for sustained investment in our assets, our people, and our customers. This foundation better positions us to execute as One Anchor – advancing safety, delivering a flawless customer experience, and building capabilities that reduce industrial cost. Our team looks forward to capitalizing on the tremendous strides achieved to date as we enter our next phase of growth."

The new capital will be strategically deployed toward furnace rebuilds and capacity expansions across the Company's U.S. network, enabling Anchor Glass to better serve customers in the food, beverage, spirits, ready-to-drink, and craft beer end markets that depend on sustainable, high-quality glass packaging.

By 2030, Anchor Glass expects to have invested more than $1 billion in capital improvements, underscoring its long-term commitment to growth, innovation, and supply security for its customers.

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, spirits, 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.

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SOURCE Anchor Glass Container Corporation