NEW YORK (Standard&Poor's) May 30, 2007--Standard&Poor's Ratings Services said today that it revised its outlook on Berry Plastics Holding Corp., a wholly owned subsidiary of Berry Plastics Group Inc., to negative from stable. We affirmed all the ratings, including the 'B' corporate credit rating. "The outlook revision follows the announcement that Berry has established a holding company, Berry Plastics Group Inc., and intends to enter into a seven-year $500 million senior unsecured term loan facility," said Standard&Poor's credit analyst Liley Mehta. "Proceeds from the loan along with cash on hand will be used to pay a dividend to its shareholders." We assigned a 'CCC+' rating to the proposed $500 million senior unsecured term loan
