Berry Plastics Corporation -- Moody's: Berry's secondary public common stock offering is credit neutral; no effect on ratings

New York, February 25, 2014 -- Berry Plastic Group Inc's ("Berry") announcement that it is commencing a secondary public offering of 9 million shares of the company's common stock by certain funds affiliated with Apollo Global Management, LLC is credit neutral and will have no effect on the company's credit ratings or outlook. Berry itself is not selling any shares and will not receive any proceeds from the proposed offering. The offering will also not alter the number of shares of the company's common stock that are outstanding. The company has a B2 corporate family rating and stable rating outlook.

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