Reynolds Group starts cash tender offers for six series of notes

New York, June 13 – Reynolds Group Holdings Ltd. announced that several subsidiaries of the company have begun cash tender offers for a total of six series of notes.

The tender offers are as follows:

• Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer (Luxembourg) SA are tendering for their $591,738,000 of 7 1/8% senior secured notes due 2019 at a price of $1,020.00 per $1,000 principal amount;

• The Reynolds Group Issuer companies are also tendering for their $626,506,000 of 7 7/8% senior secured notes due 2019 at a price of $1,028.75 per $1,000 principal amount;

• The Reynolds Group Issuer companies are tendering for their $669,872,000 of 8½% senior notes due 2018 at a price of $1,005.50 per $1,000 principal amount;

• The Reynolds Group Issuer companies are tendering for their $613,479,000 of 9% senior notes due 2019 at a price of $1,025.00 per $1,000 principal amount;

• The Reynolds Group Issuer companies are tendering for up to $691 million of their $1,280,504,000 of 9 7/8% senior notes due 2019 at a price of $1,036.25 per $1,000 principal amount; and

• Beverage Packaging Holdings (Luxembourg) II SA and Beverage Packaging Holdings II Issuer Inc. are tendering for their $590 million of 6% senior subordinated notes 2017 at a price of $1,003.50 per $1,000 principal amount.

All the tender prices include an early tender payment of $30.00 per $1,000 principal amount that will only be paid to those who tender by the early tender deadline of 5 p.m. ET on June 24.

If the offer for the 9 7/8% notes is oversubscribed by the early deadline, any notes from this series that are tendered after the early deadline will not be purchased.

The tender will end at 12:01 a.m. ET on July 12.

Reynolds said it expects to redeem any notes that remain outstanding after the tender offer.

Completion of the tender is subject to a financing condition and other conditions.

Credit Suisse Securities (USA) LLC (212 538-2147 or 800 820-1653) is dealer manager. D.F. King & Co., Inc. (877 283-0318 or 212 269-5550) is information agent and tender agent.

Reynolds Group is an Auckland, New Zealand-based manufacturer and supplier of consumer food and beverage packaging and storage products.

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