Coveris Announces Completion of Amendment Process

CHICAGO--()--Coveris Holdings S.A. (“Coveris” or “the Company”), a premier global packaging manufacturer, today announced that the amendment process to its existing credit agreement dated November 8, 2013 to allow for the full repayment of the Senior Notes, the USD Term Loan and the ABL Facilities closed successfully with 99.69% of lenders voting in favour of the amendment. The repayment is contemplated to be made with the expected proceeds from the sale of the Company’s Americas business to Transcontinental Inc. upon consummation thereof, which sale is subject to certain conditions precedent.

About Coveris™

As a leading international manufacturing company, Coveris is dedicated to providing solutions that enhance the safety, quality and convenience of products we use every day. In partnership with the most respected brands in the world, Coveris develops vital products that protect everything from the food we eat, to medical supplies, to the touch screen device in our pockets, contributing to the lives of millions every day.

Coveris is an affiliated portfolio company of Sun Capital Partners, Inc.

FORWARD-LOOKING STATEMENTS:

The information contained in this release may contain forward-looking statements, estimates and projections. These statements involve elements of subjective judgment and analysis and are based upon the best judgment of Coveris as of the date hereof. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Therefore, you should not rely on these forward-looking statements. Neither Coveris nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this release or to update or keep current any of the information contained herein and this release is not a representation by Coveris or any other person that they will do so, except to the extent required by law.

Contacts

Coveris Holdings S.A.
Duane Owens, 864-641-4710
Treasurer
duane.owens@coveris.com
www.coveris.com

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