Berry Plastics to redeem four series of notes with new loan proceeds

By Tali David

Minneapolis, Feb. 1 - Berry Plastics Corp. plans to use the proceeds from its new incremental term loan to redeem all of its outstanding 8¼% first priority senior secured notes due 2015, second priority senior secured floating-rate notes due 2014, first priority senior secured floating-rate notes due 2015 and 10¼% senior subordinated notes due 2016, according to a news release.

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

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