Coveris Holdings S.A. Launches Proposed Amend & Extend of $938.4 Million (Equivalent) Term Loan

CHICAGO–(BUSINESS WIRE)–Coveris Holdings S.A. (the “Company”), a portfolio company of funds
advised by Sun Capital Partners, Inc., announced today the launch of a
proposed extension of the maturity (the “Amend & Extend”) of its
existing $938.4 million (equivalent) senior secured term loans (the
“Term Loan”) and certain other amendments to the credit agreement
documenting the Term Loan. The Company is proposing the Amend & Extend
to push out the May 18, 2019 maturity to June 2024.

The proposed Amend & Extend is expected to close in the middle of June
2017. Goldman Sachs International is the sole lead arranger for the
Amend & Extend.

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:

This press release may include projections and other “forward-looking”
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of Coveris about
further events and financial performance. No assurances can be given
that such events or performance will occur as projected and actual
results may differ materially from these projections.

This notice does not constitute an offer to sell or the solicitation of
an offer to buy any securities. No money, securities or other
consideration is being solicited, and, if sent in response to the
information contained herein, will not be accepted. It may be unlawful
to distribute this document in certain jurisdictions. The information in
this document does not constitute an offer of securities for sale in
Canada, Japan or Australia.

Neither the content of the Company’s website nor any website accessible
by hyperlinks on the Company’s website is incorporated in, or forms part
of, this announcement. It may be unlawful to distribute this document in
certain jurisdictions. Persons into whose possession this announcement
comes should inform themselves about and observe any such restrictions.
Any failure to comply with these restrictions may constitute a violation
of the securities laws of any such jurisdiction.

Contacts

Coveris Holdings S.A.
Investor Contact:
Duane A. Owens,
864-641-4710
Treasurer
[email protected]
or
Media
Contact:
Chris Swalm, 864-504-6145
Marketing Communications
Manager
[email protected]
www.coveris.com