Coveris Announces Receipt of Regulatory Approvals for Sale of its Americas Business

CHICAGO--()--Coveris Holdings S.A. (“Coveris” or “the Company”), a premier global packaging manufacturer, today announced that all regulatory approvals required to complete the previously announced sale of its Americas packaging business (the “Americas Sale”) have been obtained. The Americas Sale is currently expected to close on May 1, 2018. As previously announced, the Company has received the required consent from the lenders under its existing credit agreement dated November 8, 2013 to allow for the full repayment of its USD term loan, ABL facilities and 7⅞% senior notes due 2019 (the “Notes”) upon the closing of the Americas Sale. The Company anticipates that on May 1, 2018 it will satisfy and discharge its obligations under the Notes. The date of redemption of the Notes as previously announced will be May 7, 2018.

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.

Contacts

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

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Release Summary

Coveris Announces Receipt of Regulatory Approvals for Sale of its Americas Business

Coveris Holdings S.A.