BWAY Holding Company Announces Incremental Term Loan Commitment Letter

ATLANTA, Dec. 1, 2010 /PRNewswire/ -- BWAY Holding Company, a leading North American supplier of general line rigid containers, today reported that it has entered into an Incremental Term Loan Commitment Letter (the "Commitment Letter") with Deutsche Bank Trust Company Americas ("DB").

Pursuant to the Commitment Letter, DB and one or more other lenders that may become party to the Commitment Letter are committing to provide $25 million in incremental term loans due 2017 (the "Incremental Term Loans") pursuant to the terms of BWAY's Credit Agreement, dated as of June 16, 2010 (the "Credit Agreement").  The Incremental Term Loans are expected to be incurred on or about December 6, 2010 and the proceeds of the Incremental Term Loans will be used for general corporate purposes in a manner consistent with, and as permitted by, the Credit Agreement.    

About BWAY Holding Company

BWAY Holding Company is a leading North American supplier of general line rigid containers. The Company operates 22 plants throughout the United States and Canada serving industry leading customers on a national basis.

Cautionary Note Regarding Forward-Looking Statements

This document contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995.  You should not place reliance on these statements.  Forward-looking statements include information concerning the Company's liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or similar expressions.  These statements are based on certain assumptions that management has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate in these circumstances. As you read and consider this document, you should understand that these statements are not guarantees of performance or results.  They involve risks, uncertainties and assumptions.  Many factors could affect the Company's actual financial results and could cause actual results to differ materially from those expressed in the forward-looking statements. Some important factors include competitive risk from other container manufacturers or self-manufacture by customers, termination of customer contracts, loss or reduction of business from key customers, dependence on key personnel, changes in steel, resin, other raw material and energy costs or availability, product liability or product recall costs, lead pigment and lead paint litigation, increased consolidation in end markets, consolidation of key suppliers, contractions in end markets, increased use of alternative packaging, labor unrest, environmental, health and safety costs, management's inability to evaluate and selectively pursue acquisitions, fluctuation of quarterly operating results, an increase in interest rates, restrictions in debt agreements, fluctuations of the Canadian dollar, and the other factors discussed in the Company's filings with the Securities and Exchange Commission.  In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this document might not prove to be accurate and you should not place undue reliance upon them.  All forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE BWAY Holding Company