Coveris Successfully Completes Term Loan Extension

CHICAGO–(BUSINESS WIRE)–Coveris Holdings S.A. (the “Company”), a
portfolio company of funds advised by Sun Capital Partners, Inc.,
announced today the recent closing of an extension of the maturity (the “Amend
& Extend”) of its existing $938.4 million (equivalent) senior
secured term loans (the “Term Loan”) to
June 2022 and certain other amendments to the credit agreement
documenting the Term Loan.

“We are pleased with the successful completion of our term loan
extension,” said Mike Alger, Chief Financial Officer. “We continue to
demonstrate financial strength by improving the Company’s capital
structure so we can focus on improving our business and supporting our
customers, vendors and employees.”

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.

Contacts

Coveris Holdings S.A.
Media Contact:
Christopher Swalm,
864-504-6145
Mobile: 864-415-8123
Corporate Marketing
Communications Manager
[email protected]
or
Investor
Contact:
Duane A Owens, 864-641-4710
Mobile: 864-979-8593
Treasurer
and Director of Investor Relations
[email protected]
www.coveris.com