Containers and Packaging
Company Overview of Berry Plastics Corporation
Berry Plastics Corporation manufactures and markets plastic packaging products, plastic film products, specialty adhesives, and coated products. The company offers containers; foodservice items, including drink cups, and institutional catering and cutlery products; and home and party products, such as plates, bowls, pitchers, tumblers, and outdoor flowerpots, as well as plastic garden products. It also provides closures and over caps, bottles and prescription containers, and tubes. In addition, the company offers agricultural films, institutional can liners, stretch films, shrink films, barrier and sealant films, engineered films, personal care films, printed products, and polyvinyl chloride...
101 Oakley Street
Evansville, IN 47710
Founded in 1967
Key Executives for Berry Plastics Corporation
President of Rigid Open Top Division
President of Tapes & Coatings Division
Compensation as of Fiscal Year 2013.
Berry Plastics Corporation Key Developments
Berry Plastics Corp. Announces Plans to Close 5 Plants
Nov 23 13
Berry Plastics Corp. plans to close five of its manufacturing plants next year in response to weak demand for the company's plastic containers and packaging. The plants will close by Sept. 30, 2014, and cost about 200 workers their jobs. The company blames the closures on weak demand for packaged goods due to the sluggish economy and high unemployment.
Berry Plastics Corporation Presents at Deutsche Bank's 21st Annual Leveraged Finance Conference, Oct-01-2013 08:50 AM
Jun 25 13
Berry Plastics Corporation Presents at Deutsche Bank's 21st Annual Leveraged Finance Conference, Oct-01-2013 08:50 AM. Venue: The Phoenician, Scottsdale, Arizona, United States.
Berry Plastics Corporation Enters into an Incremental Assumption Agreement with Credit Suisse AG, Cayman Islands Branch
Feb 11 13
February 8, 2013, Berry Plastics Group Inc., Berry Plastics Corporation ('Berry') and certain of its subsidiaries entered into an Incremental Assumption Agreement with Credit Suisse AG, Cayman Islands Branch to increase the commitments under Berry’s existing term loan credit agreement by $1,400,000,000. Berry borrowed loans in an aggregate principal amount equal to the full amount of the commitments on such date. The Term D Loans bear interest at LIBOR plus 2.50% per annum with a LIBOR floor of 1.00%, mature on February 8, 2020 and are subject to customary amortization. If certain specified repricing events occur prior to February 8, 2014, Berry will pay a fee to the applicable lenders equal to 1.00% of the outstanding principal amount of the Term D Loans subject to such repricing event. The proceeds of the Term D Loans, in addition to borrowings under Berry’s revolving credit facility, were used to (a) satisfy and discharge all of Berry’s outstanding (i) Second Priority Senior Secured Floating Rate Notes due 2014, (ii) First Priority Senior Secured Floating Rate Notes due 2015, (iii) 10¼% Senior Subordinated Notes due 2016 and (iv) 8¼% First Priority Senior Secured Notes due 2015, which, in each case, were called for redemption on February 8, 2013 and the related indentures and (b) pay related fees and expenses.
Similar Private Companies By Industry
Recent Private Companies Transactions