Berry Plastics gets lender OK on amendment that allows for term loan buybacks

By Sara Rosenberg

New York, March 10 - Berry Plastics Group Inc. received approval of its credit facility amendment that allows for the repurchase of term loan debt in the open market, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Under the amendment, the company can spend up to $75 million in cash for these repurchases.

Berry Plastics is an Evansville, Ind.-based manufacturer and marketer of plastic packaging products.

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