ATLANTA, Feb. 9, 2011 /PRNewswire/ -- BWAY Holding
Company, a leading North American supplier of general line rigid
containers, today reported that it will be entering into
discussions with a syndicate of banks and financial institutions in
connection with a repricing and amendment to certain other terms of
its existing Credit Agreement, dated as of June 16, 2010. The amendment is expected to be
completed during BWAY's second fiscal quarter of 2011 in the third
week of February, 2011.
About BWAY Holding Company
BWAY Holding Company is a leading North American supplier of
general line rigid containers. The Company operates 23 plants
throughout the United States and
Canada serving industry leading
customers on a national basis.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking information.
You should not place undue reliance on these statements.
These statements reflect management's expectations,
estimates, and assumptions based on information available at the
time of the statement. Forward-looking statements include,
but are not limited to, statements regarding the Company's
liquidity and its possible or assumed future results of operations,
including descriptions of its business strategies. The words
''believe,'' ''expect,'' "anticipate," "intend," ''plan,''
''estimate,'' "seek," ''will,'' ''may,'' and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements are not guarantees of future
performance and involve risks, uncertainties, and other factors,
including those set forth below, which may cause the Company's
actual results, performance, or achievements to be materially
different from any future results, performance, or achievements
expressed or implied by those statements. Important factors
that could cause the Company's actual results, performance, or
achievements to be materially different from any future results,
performance, or achievements expressed or implied by those
statements include, but are not limited to: (i) competitive risk
from other container manufacturers or self-manufacture by
customers; (ii) termination of the Company's customer contracts;
(iii) loss or reduction of business from key customers; (iv)
dependence on key personnel; (v) changes in steel, resin or other
raw material and energy costs or availability; (vi) product
liability or product recall costs; (vii) lead pigment and lead
paint litigation; (viii) increased consolidation in the Company's
end markets; (ix) consolidation of key suppliers; (x) decreased
sales volume in the Company's end markets; (xi) increased use of
alternative packaging; (xii) product substitution; (xiii) labor
unrest; (xiv) environmental, health and safety costs; (xv)
management's inability to evaluate and selectively pursue
acquisitions; (xvi) fluctuation of the Company's quarterly
earnings; (xvii) current economic conditions: (xviii) the
availability and cost of financing; (xix) an increase in interest
rates; (xx) restrictions in the Company's debt agreements; and
(xxi) fluctuations in the Canadian dollar. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements to reflect changed assumptions, the
occurrence of anticipated or unanticipated events, or changes to
future results over time.
SOURCE BWAY Holding Company