Reynolds Group Holdings Limited Announces Upsizing of its New Incremental Term Loans under Senior Secured Credit Facility and Redemptions of Outstanding Notes

NEW YORK–(BUSINESS WIRE)–Reynolds Group Holdings Limited (“Reynolds Group”) today announced that
it is seeking to increase by $850 million, to a total of $1.35 billion,
the aggregate principal amount of additional senior secured term loans
to be incurred under its existing Senior Secured Credit Facility (the
“Incremental Term Loans”). Reynolds Group intends to use the net
proceeds of the Incremental Term Loans, together with available cash, to
redeem or repurchase any and all outstanding 5.625% Senior Notes due
2016 and 9.875% Senior Notes due 2019, up to $500 million aggregate
principal amount of outstanding 8.250% Senior Notes due 2021 and up to
$350 million aggregate principal amount of outstanding 6.875% Senior
Secured Notes due 2021, and to pay related fees and expenses.

About Reynolds Group:

Reynolds Group is a leading global manufacturer and supplier of consumer
food and beverage packaging and storage products. Reynolds Group is
based in Auckland, New Zealand. Additional information regarding
Reynolds Group is available at

Forward-Looking Statements:

This press release may contain “forward-looking statements.”
Forward-looking statements include statements regarding the goals,
beliefs, plans or current expectations of Reynolds Group, taking into
account the information currently available to our management.
Forward-looking statements are not statements of historical fact. For
example, when we use words such as “believe,” “anticipate,” “expect,”
“estimate,” “plan,” “intend,” “should,” “would,” “could,” “may,”
“might,” “will” or other words that convey uncertainty of future events
or outcomes, we are making forward-looking statements. While management
has based any forward-looking statements contained herein on its current
expectations, the information on which such expectations were based may
change. These forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties, and other factors, many of which are outside of our
control that could cause actual results to materially differ from such
statements. Such uncertainties, risks and assumptions include, but are
not limited to: risks related to our ability to consummate the
Incremental Term Loan transaction; risks related to the future costs of
raw materials, energy and freight; risks related to economic downturns
in our target markets; risks related to changes in consumer lifestyle,
eating habits, nutritional preferences and health-related and
environmental concerns that may harm our business and financial
performance; risks related to complying with environmental, health and
safety laws or as a result of satisfying any liability or obligation
imposed under such laws; risks related to the impact of a loss of any of
our key manufacturing facilities; risks related to our dependence on key
management and other highly skilled personnel; risks related to the
consolidation of our customer bases, loss of a significant customer,
competition and pricing pressure; risks related to any potential supply
of faulty or contaminated products; risks related to exchange rate
fluctuations; risks related to dependence on the protection of our
intellectual property and the development of new products; risks related
to pension plans sponsored by us and others in our control group; risks
related to strategic transactions, including completed and future
acquisitions or dispositions, such as the risks that we may be unable to
complete an acquisition or disposition in the timeframe anticipated, on
its original terms, or at all, or that we may not be able to achieve
some or all of the benefits that we expect to achieve from such
transactions, including risks related to integration of our acquired
businesses, or that a disposition may have an unanticipated effect on
our retained businesses; risks related to our hedging activities which
may result in significant losses and in period-to-period earnings
volatility; risks related to our suppliers of raw materials and any
interruption in our supply of raw materials; risks related to
information security, including a cyber-security breach or a failure of
one or more of our information technology systems, networks, processes
or service providers; risks related to our substantial indebtedness and
our ability to service our current and future indebtedness; risks
related to restrictive covenants in certain of our outstanding notes and
our other indebtedness which could adversely affect our business by
limiting our operating and strategic flexibility; and risks related to
increases in interest rates which would increase the cost of servicing
our variable rate debt instruments.

Given these risks and uncertainties, you are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date hereof. Except as required by law, we undertake no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise. All
subsequent written and oral forward-looking statements attributable to
us or to persons acting on our behalf are expressly qualified in their
entirety by the cautionary statements referred to above.


Reynolds Group Holdings Limited
Joseph E. Doyle – + 1-847-482-2409