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Berry Plastics Holding Corp. 'B' Credit Rating Affirmed, Other Actions Taken After Merger

Published Apr 23, 2007

About This Report

Abstract:

NEW YORK (Standard&Poor's) April 23, 2007--Following the merger of Berry Plastics Group Inc. and Covalence Specialty Materials Holding Corp., Standard&Poor's Ratings Services took the following rating actions: -- We affirmed our 'B' corporate credit rating on Berry Plastics Holding Corp., a wholly owned subsidiary of Berry Plastics Group, which is now the obligor of substantially all the company's debt. -- We affirmed the 'B+' senior secured debt rating and '1' recovery rating on Berry Plastics Holding's $1.2 billion term loan C due 2015. The working name of the borrower had been New Berry Holding at the time the ratings were assigned. -- We affirmed the 'CCC+' subordinated debt rating on Berry Plastics Holding's $265 million 10.25%

Report Type:

Ratings Action

Ticker

5719Z

Issuer

Berry Global Inc.

GICS

Metal & Glass Containers (15103010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Berry Plastics Holding Outlook Revised To Negative; Berry Plastics Group's Loan Rated 'CCC+' – 2007/05/30 – US$ 150.00

Research Update: Berry Plastics Holding Outlook Revised To Negative; Berry Plastics Group's Loan Rated 'CCC+' – 2007/05/30 – US$ 225.00

Berry Plastics Corp. – 2008/01/30 – US$ 500.00

Summary: Berry Plastics Corp. – 2008/01/30 – US$ 225.00

Berry Plastics Corp.'s $530.6 Million Senior Secured Notes Rated 'BB-'; Other Ratings Affirmed – 2008/04/15 – US$ 150.00

Research Update: Berry Plastics Holding Corp. 'B' Credit Rating Affirmed, Other Actions Taken After Merger – 2007/04/23 – US$ 225.00

Berry Plastics And Covalence 'B' Credit Ratings Affirmed On Merger Plans – 2007/03/13 – US$ 150.00

Research Update: Berry Plastics And Covalence 'B' Credit Ratings Affirmed On Merger Plans – 2007/03/13 – US$ 225.00

Summary: Berry Plastics Holding Corp. – 2007/01/10 – US$ 225.00

Berry Plastics Holding Corp. – 2006/12/28 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Berry Plastics Holding Corp. 'B' Credit Rating Affirmed, Other Actions Taken After Merger" Apr 23, 2007. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Berry-Plastics-Holding-Corp-B-Credit-Rating-Affirmed-Other-Actions-Taken-After-Merger-574477>

APA:	S&P Global Ratings’ Credit Research. (). Berry Plastics Holding Corp. 'B' Credit Rating Affirmed, Other Actions Taken After Merger Apr 23, 2007. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Berry-Plastics-Holding-Corp-B-Credit-Rating-Affirmed-Other-Actions-Taken-After-Merger-574477>

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