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Berry Plastics Group Inc (BERY.N)

BERY.N on New York Stock Exchange

47.50USD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Berry Plastics Group co, units entered into an Amendment no. 7 to amended and restated revolving credit agreement - SEC filing
Monday, 27 Mar 2017 05:49pm EDT 

Berry Plastics Group Inc : Berry Plastics Group Inc - co, units entered into an Amendment no. 7 to amended and restated revolving credit agreement - SEC filing .Berry Plastics Group - pursuant to Amendment no. 7, BPC exercised option to increase commitments under revolving facility by $100 million to $750 million.  Full Article

Berry Plastics Group reports Q1 earnings per share $0.40
Friday, 3 Feb 2017 08:30am EST 

Berry Plastics Group Inc - : Berry Plastics Group Inc reports first quarter fiscal 2017 results . Q1 adjusted earnings per share $0.50 . Q1 earnings per share $0.40 . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q1 revenue $110 million . Q1 revenue view $1.55 billion -- Thomson Reuters I/B/E/S . Reaffirming our fiscal 2017 guidance of projected cash flow from operations and adjusted free cash flow guidance . "Looking ahead, we will continue our focus on reducing our leverage ratio to a goal of below 4, on or before end of fiscal 2017" .Witihn 2017 guidance, also assuming $80 million of cash used for other taxes, primarily related to state, international jurisdictions.  Full Article

Thomas Salmon appointed Berry Plastic Group's chief executive officer
Wednesday, 1 Feb 2017 08:30am EST 

Berry Plastics Group Inc : Thomas Salmon appointed Berry Plastic Group's chief executive officer . Berry Plastics Group Inc- Rich will continue as executive chairman of Berry's board .Berry Plastics Group- Salmon, succeeds Jonathan Rich whose previously announced plans to retire as berry's ceo become effective February 3, 2017.  Full Article

Berry Plastics Group enters into agreement with Credit Suisse Ag, Cayman Islands Branch and Citibank
Friday, 20 Jan 2017 04:29pm EST 

Berry Plastics Group Inc - : Entered into incremental assumption agreement with Credit Suisse Ag, Cayman Islands Branch, and CitiBank, N.A. - SEC filing . Assumption agreement to borrow incremental amounts of $1.9 billion and $500 million under holdings existing term loan credit agreement .Proceeds of term J loans, together with existing liquidity, were used to consummate acquisition of AEP Industries, Inc.  Full Article

AEP Industries stockholders vote to adopt Berry Plastics deal
Wednesday, 18 Jan 2017 12:33pm EST 

AEP Industries Inc : Stockholders voted to adopt agreement, plan of merger by and among Berry Plastics Group Inc .AEP and Berry expect to complete mergers on or about January 20, 2017.  Full Article

Berry Plastics Group posts Q4 adj. earnings $0.73/shr
Tuesday, 29 Nov 2016 08:30am EST 

Berry Plastics Group Inc : Berry Plastics Group, Inc reports fourth quarter and fiscal year 2016 results . Qtrly earnings per share $0.61 . Qtrly adjusted earnings per share $0.73 . Expected fiscal year 2017 cash flow from operations of $925 million and adjusted free cash flow of $550 million . Q4 earnings per share view $0.59 -- Thomson Reuters I/B/E/S . Q4 revenue view $1.62 billion -- Thomson Reuters I/B/E/S .Q4 sales $1.618 billion versus I/B/E/S view $1.62 billion.  Full Article

Berry plastics announces COO appointment in advance of CEO retirement in 2017
Friday, 30 Sep 2016 08:30am EDT 

Berry Plastics Group Inc : Berry plastics announces COO appointment in advance of CEO retirement in 2017 . Thomas E. Salmon has been unanimously elected as berry's president and Chief Operating Officer effective October 3 .Chairman and Chief Executive Officer, Jonathan D. Rich, has informed board of directors of his intention to retire as CEO.  Full Article

Berry Plastics Group announces agreement to acquire AEP Industries
Thursday, 25 Aug 2016 07:00am EDT 

AEP Industries Inc : Berry Plastics Group, Inc. Announces agreement to acquire AEP Industries Inc. . Aggregate consideration will be $765 million . AEP Industries Inc says deal to be accretive to adjusted net income and adjusted free cash flow, while deleveraging Berry's balance sheet . Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of berry common stock per aep share . Berry expects to realize cost synergies of $50 million or more annually . Berry intends to fund cash component of acquisition with existing cash and a new term loan, and has committed financing in place. . On a pro forma basis, berry's four quarters ended June 2016 adjusted free cash flow would increase by approximately $85 million to $560 million . AEP industries inc says upon closing, aep shareholders will own approximately 5 percent of berry on a fully diluted basis .Deal to be accretive to Berry's adjusted net income and adjusted free cash flow by more than 10 percent, after expected synergies.  Full Article

Berry plastics q3 adj shr $0.82
Tuesday, 9 Aug 2016 08:30am EDT 

Berry Plastics Group Inc : Year-To-Date june sales $4.871 billion . Berry plastics group, inc. Reports third quarter fiscal 2016 results . Q3 sales $1.645 billion versus i/b/e/s view $1.67 billion . Qtrly earnings per share $0.76 . Qtrly adjusted earnings per share $0.82 . Increasing fy 2016 operating ebitda guidance by additional $10 million to $1,200 million .Continues to target $475 million of adjusted free cash for fiscal 2016.  Full Article

Berry Plastics announces exchange offer for $400 mln 6 pct second priority senior notes
Thursday, 12 May 2016 09:31am EDT 

Berry Plastics Group Inc :Berry Plastics Group Inc Announces exchange offer for the $400 million 6.00 percent second priority senior notes due 2022 of Berry Plastics Corporation.  Full Article

More From Around the Web

BRIEF-Berry Plastics Group co, units entered into an Amendment no. 7 to amended and restated revolving credit agreement - SEC filing

* Berry Plastics Group Inc - co, units entered into an Amendment no. 7 to amended and restated revolving credit agreement - SEC filing