BERRY PLASTICS GROUP, INC. (NYSE:BERY) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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on Form 8-K is incorporated by reference into this Item 1.01.
| Item 2.03 |
Creation of a Direct Financial Obligation.
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subsidiary, Berry Plastics Corporation (“BPC”) and certain of
its subsidiaries entered into an Amendment No. 7 to the Amended
and Restated Revolving Credit Agreement (“Amendment No. 7”),
which amended the existing Amended and Restated Revolving Credit
Amendment, dated as of April 3, 2007 (as previously amended, the
“Existing Revolving Credit Agreement,” and as amended by
Amendment No. 7, the “Amended Revolving Credit Agreement”),
with Bank of America, N.A., as collateral agent and
administrative agent, and certain other financial institutions,
relating to BPC’s existing $650 million secured, revolving
credit facility (the “Revolving Facility”). to Amendment No. 7,
BPC exercised its option to increase the aggregate commitments
under the Revolving Facility by $100 million to a total of $750
million.
| Item 9.01 |
Financial Statements and Exhibits.
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Exhibit Number
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Description
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10.1
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Amendment No. 7 to the Amended and Restated Credit
Agreement, dated as of March 24, 2017, by and among Berry Plastics Group, Inc., Berry Plastics Corporation, certain domestic subsidiaries party thereto, Bank of America, N.A., as collateral agent and administrative agent, and the lenders party thereto. |
About BERRY PLASTICS GROUP, INC. (NYSE:BERY)
Berry Plastics Group, Inc. is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles. The Company operates through three segments: Health, Hygiene & Specialties, Consumer Packaging, and Engineered Materials. The Consumer Packaging segment primarily consists of containers, foodservice items, closures, overcaps, bottles, prescription vials, tubes, and printed films. The Health, Hygiene & Specialties segment primarily consists of non-woven specialty materials used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications. The Engineered Materials segment primarily consists of pipeline corrosion protection solutions, tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. BERRY PLASTICS GROUP, INC. (NYSE:BERY) Recent Trading Information
BERRY PLASTICS GROUP, INC. (NYSE:BERY) closed its last trading session down -0.64 at 47.50 with 830,839 shares trading hands.