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Published on 2/11/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Berry Plastics calls $990.1 million of three tranches of notes in full

By Tali David

Minneapolis, Feb. 11 - Berry Plastics Corp. called all $660.6 million of its first-priority senior secured floating-rate notes due 2015, $210,517,000 of its second-priority senior secured floating-rate notes due 2014 and $126,982,000 of its 10¼% senior subordinated notes due 2016, according to multiple news releases.

The first- and second-priority notes will be redeemed at par plus accrued interest on March 10. The 10¼% notes will be redeemed at 101.708 plus accrued interest, also on March 10.

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


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