April 18, 2014 5:22 AM ET

Containers and Packaging

Company Overview of Berry Plastics Corporation

Company Overview

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

United States

Founded in 1967

16,000 Employees





Key Executives for Berry Plastics Corporation

Age: 57
Age: 57
President of Engineered Materials Division
Age: 50
President of Rigid Closed Top Division
Age: 47
Vice President of Communications
Compensation as of Fiscal Year 2013.

Berry Plastics Corporation Key Developments

Berry Plastics Corporation Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-24-2014 09:40 AM

Berry Plastics Corporation Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-24-2014 09:40 AM. Venue: Loews Miami Beach, Miami, Florida, United States.

Berry Plastics Group, Inc. and Berry Plastics Corporation Enter into an Incremental Assumption Agreement with Credit Suisse AG

On January 6, 2014, Berry Plastics Group, Inc., Berry Plastics Corporation and certain of its subsidiaries entered into an incremental assumption agreement with Credit Suisse AG, Cayman Islands Branch to borrow an incremental amount of $1,125,000,000 under Berry's existing term loan credit agreement. The loans borrowed on such date (the term E loans) bear interest at LIBOR plus 2.75% per annum with a LIBOR floor of 1.00%, mature on January 6, 2021 and are subject to customary amortization. If certain specified repricing events occur prior to July 6, 2014, Berry will pay a fee to the applicable lenders equal to 1.00% of the outstanding principal amount of the term E loans subject to such repricing event. The proceeds of the term E loans were used to repay in full all of Berry's outstanding term C loans pursuant to, and as defined in, Berry's existing term loan credit agreement.

Berry Plastics Corporation Announces Plans for Incremental Term Loans

Berry Plastics Group Inc. announced that its Berry Plastics Corporation (Berry), intends to obtain commitments for $1.125 billion of first lien senior secured term loans, to be structured as an incremental facility under Berry's existing term loan credit agreement. Berry intends to use the net proceeds from the borrowing of the New Loans to prepay all of its outstanding Term C Loans, maturing April 2015, under Berry's existing term loan credit agreement. Berry is in discussion with lenders regarding the New Loans; however, there can be no assurance that Berry will obtain the commitments in the time frame or on the terms it expects, or at all, or that the Refinancing will occur.

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Recent Private Companies Transactions

June 21, 2013
Berry Plastics Corporation, 500,000-Square-Foot Building in Corry

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