An affiliate of Platinum Equity has entered into a definitive agreement to acquire BWAY Parent Co. Inc. in a transaction valued at approximately $1.24 billion. We placed all ratings, including the 'B' corporate credit rating, on CreditWatch with developing implications. To resolve the CreditWatch, we plan to assess the impact of the acquisition on Atlanta-based BWAY Holding Co.'s financial profile to resolve the CreditWatch. Developing implications means that we could raise, lower, or affirm the ratings. On Oct. 5, 2012, Standard&Poor's Ratings Services placed its ratings, including its 'B' corporate credit rating, on BWAY Parent Co. Inc., BWAY Holding Co., and all rated subsidiaries (BWAY) on CreditWatch with developing implications. The CreditWatch placement follows BWAY's acquisition announcement. An
