Berry Plastics Group Announces Plans for Incremental Term Loans

  Berry Plastics Group Announces Plans for Incremental Term Loans

Business Wire

EVANSVILLE, Ind. -- December 12, 2013

Berry Plastics Group, Inc. (NYSE:BERY) announced today that its subsidiary,
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 (such
loans, the “New Loans”). 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 (the
“Refinancing”). 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.

About Berry Plastics

Berry Plastics Group, Inc. is a leading provider of value-added plastic
consumer packaging and engineered materials delivering high-quality customized
solutions to our customers with annual net sales of $4.6 billion in fiscal
2013. With world headquarters in Evansville, Indiana, the Company’s common
stock is listed on the New York Stock Exchange under the ticker symbol BERY.
For additional information, visit the Company’s website at

Forward Looking Statements

Certain statements and information included in this release may constitute
“forward looking statements” within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, or achievements of the Company to be
materially different from any future results, performance, or achievements
expressed or implied in such forward looking statements. Additional discussion
of factors that could cause actual results to differ materially from
management’s projections, forecasts, estimates and expectations is contained
in the companies’ SEC filings. The Company does not undertake any obligation
to update any forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or


Berry Plastics
Eva Schmitz,812-306-2424
Dustin Stilwell,812-306-2964
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